By the end of the year Luštica Bay will have completed the two most important anchors in phase one of the project – the marina and The Chedi hotel
Luštica bay is so sensitively woven into the local landscape it’s hard to believe that in 2008, the only buildings in the area were some old military barracks and the ruins of a romantic Austro- Hungarian fort. The peninsular was empty, virgin coastline and Luštica Bay itself a mere gleam in the eye of Orascom’s visionary chairman, Samih Sawiris.
Luštica Bay’s original planners were entrusted with the task of turning this spectacular site, a former military training ground of 6.9 million square metres, into a living, breathing Montenegrin town; a place where some residents would buy second homes and others live all year round.
The building project might take as long as 15 years, but even when the community’s infrastructure is completed, Orascom will continue to operate, manage, and run the town’s services in consultation with its residents, as it does in all of its other town developments.
Ultimately, Luštica Bay will include a richly diverse property portfolio, two world-class marinas, seven hotels and a Gary Player-designed signature 18-hole championship golf course, not to mention beaches, shops, restaurants and cafes, sporting facilities, schools and medical centres to cater to the community it set out to develop.
Excitingly, 2018 marks the completion of phase one of the project. ‘We’re rapidly approaching a critical mass, both in terms of physical construction and numbers of residents,’ says CEO Darren Gibson. ‘It has been extremely satisfying to reap the rewards of all that hard work and have the key elements in place.’
Back in 2008, it was important the team took time to plan, research and reflect. The master plan they devised covered the architectural standards they sought to achieve and the aesthetic they envisaged, always focusing on the community they intended to welcome and the eco-sustainability of the entire infrastructure.
Continue reading your story on the app
Continue reading your story in the magazine
Serbian Food Is Good And Tasty, But Heavy
A chef has to be a mentally strong person, because this is a hard job
21st Century Abolishes Elitism
We have to fight for our young!
There Hasn't Been a Boring Moment in My Life
Professor Shaul Ladany (age 82), who is still a record-holder in 50km-race walk and whose fascinating destiny reflects the suffering of the Jewish people and what transpired in Belgrade in the World War II, has shared his life experience with our fellow citizens during his first ever visit to Belgrade in 70 years
In Defence Of The Hipster Aesthetic
Our correspondent argues that they are places where both brick and worldviews are exposed
Life As It Should Be
By the end of the year Luštica Bay will have completed the two most important anchors in phase one of the project – the marina and The Chedi hotel
The Dark Side Of Nationalist Love
The dark side of nationalist love
Results Exceeded Our Expectations
In 2017 Jubmes bank significantly exceeded its targets in terms of profitability, deposit potential and placements to clients’ growth. Substantial profitability growth is expected also for the year 2018
How To Westernise Serbia?
The Finnish Way.
Winners Of The „Diplomacy & Commerce Awards 2018“
Diplomacy & Commerce magazine celebrated its second birthday on Thursday, 22nd March, in the new Bitef Art Cafe.
Why Is Finland So Happy?
It is not because of the weather.
TWITTER FACES LAWSUITS OVER UNPAID RENT FOR US HQ UK OFFICE
More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills.
SPOTIFY LATEST TECH NAME TO CUT JOBS, AXES 6% OF WORKFORCE
Music streaming service Spotify said it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens.
CRYPTO FIRMS ACTED LIKE BANKS, THEN COLLAPSED LIKE DOMINOES
Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.
Fast-tracking growth in building materials
Empowered by Vision 2030, buildingmaterial ventures are advancing world-class Saudi manufacturing
Jonathan Groff
WHEN YOU'RE AN ACTOR IN AN M. NIGHT SHYAMALAN MOVIE, IT'S EASY to start obsessing over the eventual twists that are surely to come.
ELON MUSK: TWEETS ABOUT TAKING TESLA PRIVATE WEREN'T FRAUD
Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed.
LEARNING TO LIE: AI TOOLS ADEPT AT CREATING DISINFORMATION
Artificial intelligence is writing fiction, making images inspired by Van Gogh and fighting wildfires. Now it’s competing in another endeavor once limited to humans — creating propaganda and disinformation.
AMAZON LAUNCHES A SUBSCRIPTION PRESCRIPTION DRUG SERVICE
Amazon is adding a prescription drug discount program to its growing healthcare business.
A strong, resilient banking partner
SABB continues to deliver growth by remaining at the forefront of international banking, fintech and sustainable financing
PROMISING GENE THERAPY DELIVERS TREATMENT DIRECTLY TO BRAIN
When Rylae-Ann Poulin was a year old, she didn’t crawl or babble like other kids her age. A rare genetic disorder kept her from even lifting her head. Her parents took turns holding her upright at night just so she could breathe comfortably and sleep.