The United Arab Emirates (UAE) is the largest foreign investor in Montenegro

The United Arab Emirates (UAE) is the largest foreign investor in Montenegro
    The United Arab Emirates (UAE) is the largest foreign investor in Montenegro
    The United Arab Emirates (UAE) is the largest foreign investor in Montenegro, investing 92.8m euros in the first 11 months of last year.

    The money that came from the Emirate in 2017 makes up almost a sixth of the total foreign direct investment, worth EUR 538.3 million. This country, according to the CBCG, has invested the most in companies and banks, they write Daily Newspaper.
    In the past few years, they invested in many significant projects in Montenegro, and one of the major UAE investments was the construction of Capital Plaza in Podgorica, which invested 140 million euros.

    Also, investors from Emirates have invested in the last two years at the nautical settlement Porto Montenegro in Tivat, and substantial funds have been invested in the construction of the New Democratic Combine, which is due to begin next month.

    The inflow of foreign direct investment (SDI) increased by 13.4 percent over the 11 months of last year compared to the same period of 2016.

    Russia ranked second in terms of investment in our country, with 54.7 million, and third Italy, sending 47.5 million euros in Montenegro. The fourth largest investment spot is occupied by Azerbaijan, which has invested more than 45 million euros, while Germany ranked fifth with 36.3 million euros in funds.

    Following are Switzerland, from 35.2, Serbia to 28.4, while Cyprus has invested EUR 24 million in our country. Turkey and Spain occupy the ninth and tenth places with investments worth 21.5 million or 15.5 million euros.

    It is also interesting that there were investments from Panama and the Virgin Islands, states that were labeled as tax havens. Panama reached 3.4, with the Virgin Islands 2.4 million euros.

    When it comes to US investments, they invested 9.8 million euros and compared to 2016, when they were 22, last year they were thirteen on investments in Montenegro. Norway, which with 189 million euro invested was the largest investor in 2016, invested only 742,140 euros in the first 11 months of last year, making it 38th in the list for inflow of investment into our country.
    Wael Elyamani
    @Posted by
    writer and blogger, founder of CTV Egypt News .

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