MK Group invests 700 million euros in "Slovenska plaža" and the development of tourism in Montenegro
MK Group has presented the Montenegrin authorities with an initiative that предусматривает the renovation of the "Slovenska plaža" tourist complex, the reconstruction of the "Aleksandar" hotel, the construction of new five-star hotels, and a modern congress center....
CompanyMK Grouppresented to the authorities of Montenegro an initiative that предусматривает the renovation of the “Slovenska plaža” tourist complex, the reconstruction of the “Aleksandar” hotel, the construction of new five-star hotels, and a modern congress center. The total project cost is estimated at700 million euros, with a key focus on sustainable development, the preservation of green areas, and the modernization of Budva’s urban infrastructure.
MK Group initiative
In an official address to the Government of Montenegro and the Council for Privatization and Capital Projects,MK Groupoutlined the strategic development direction ofHG Budvanska Rivijera. In addition, a letter of intent was delivered to Nikola Jovanović, the Mayor of Budva.
The companyemphasizesthat the project is aimed not only at the region’s economic growth, but also at improving the quality of life for local residents. The plan is to create a balance between modern architectural solutions and the preservation of the natural environment. More than100,000 m² of green areaswill be preserved and integrated into the new appearance of the resort complex.
Congress center— a modern venue that will allow Budva to become a year-round destination rather than only a summer resort.
Underground parking— a solution to the traffic congestion problem that has troubled residents and visitors for years.
Modern infrastructure— the creation of comfortable areas for leisure, recreation, and cultural events.
According to Budva MayorNikola Jovanović, the project will not only improve the region’s tourist appeal, but also create new jobs, support small businesses, and strengthen Montenegro’s international image as a high-end tourist destination.
Conceptual solutions proposed by the working group:
Sustainable development and world-class architectural solutions
To implement the project, MK Group brought in leading global experts. The architectural concept was developed by
the British company Make
, known for its innovative and environmentally friendly projects in London, Hong Kong, and Shanghai.In addition, the following joined the work:
Aspect Studios
(London) — one of the world’s leading firms in landscape architecture and master planning;
MSTEP
(London) — a team of sustainability experts.Architect
Katy Gahremani
, director of Make studio, noted that special attention is being paid to preserving green areas and open sea views:
Impact on the economy and local community
The implementation of the project is expected to bring many benefits to Budva’s economy and residents:
Creation of new jobs
— both in construction and in the service and tourism sectors.
Growth in revenues for small and medium-sized businesses
— cafes, restaurants, shops, and service companies will receive an additional flow of customers.
International recognition for Budva
— the city’s new image will attract tourists from premium segments, increasing tourism profitability.
Development of year-round tourism
— the congress center will make it possible to host international conferences and events throughout the year.
About MK Group
MK Group
has been actively operating in Montenegro for more than ten years and owns
With more than 4,000 employees and projects across the Adriatic region, MK Group has established itself as an investor that combines a sustainable approach with care for local communities.
Global partners: Make and Aspect Studios
The architectural firm
Make
has completed more than 100 projects worldwide over 20 years of work. The company’s philosophy is based on creating inspiring and environmentally friendly spaces, and its goal is to achieve
full carbon neutralityin all projects by 2030.Aspect Studioscontributes to the project by developing the landscaping and public space concept in order to maintain a balance between urbanization and nature.
MK Group’s 700-million-euro project is a unique opportunity for Budva to reach a new level of development. As Montenegro strives for sustainable tourism and European standards, the company’s initiative stands as an example of responsible and long-term investment.
Проект MK Group стоимостью 700 миллионов евро — это уникальная возможность для Будвы выйти на новый уровень развития. В то время как Черногория стремится к устойчивому туризму и европейским стандартам, инициатива компании становится примером ответственного и долгосрочного инвестирования.
