SOCAR invests $500m in upmarket resort in Montenegro’s Boka Bay

Boka Bay, MontenegroMontenegro holiday resort: Azerbaijan’s state oil company SOCAR is investing $500m to develop an upmarket holiday resort in Montenegro’s Boca Bay area on the site of a former Soviet military base, the Montenegrin President Filip Vujanovic  said this week. Due to be completed by the end of next year, the complex will feature a One and Only hotel,  luxury apartments, villas and a harbour for super-yachts. About 4,200 tourists from Azerbaijan visited Montenegro in 2014, almost three times the 2013 figure. 

Source: Azernews