Building a golf course on the hill Spas above Budva will start with establishing of a joint venture company, Budva Holding with Belgian Reb.
The main partner of the municipal enterprise Budva Holding, as stated in the contract of the joint venture will be a Belgian company Reb, registered in Kotor, owned by businessman and Honorary Consul of Belgium in Montenegro, Jean-Luc Dumortje.
Decision on approval to the selection of strategic partners to establish the company was adopted at the last session of the Assembly of the Municipality of Budva, which marked the beginning of the realization of the construction.
The project will be implemented on an area of almost 496 000 square meters, in addition to exclusive golf courses with 18 holes, will be built with hotels, villas and apartments, as well as other facilities.
President of the Municipality of Budva, Lazar Radjenovic told the agency Mina-business that it is a very significant project.
"The project will, when completed, make Budva and Budva Riviera distinctive tourist destination in the world," said Radjenovic.
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