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A new dawn for Portonovi Resort as Azmont Investments and Pizzarotti sign contract

3 December, 2015 – Impresa Pizzarotti & C. S.P.A. has been appointed by Azmont Investments as the main contractor for their Portonovi development in Montenegro.

The agreement, which is worth 305 million Euros, will see the Italian contractor working on the development of Portonovi Resort – a prestigious project that will help put Montenegro on the map as a destination for high-end luxury and hospitality.

Ahmet Erentok, Chairman of the Board in Azmont Investments, said: “Impresa Pizzarotti have an undeniable expertise in real estate construction management with a large portfolio of international projects in residential, hotels, and multifunctional facilities. The next three years are set to be very busy on site while we undergo construction to build the Portonovi Resort.’’

Paolo Pizzarotti, Company Chairman, Impresa Pizzarotti & C. S.P.A., commented: “We are very pleased to be appointed as the contractor for this unique project, which is in line to be one of the most prestigious in the Mediterranean.”

Work on the Portonovi Resort continues with 81% of the overall ground improvements already executed. The concrete structure for the first four buildings of the Lower Village has also been completed and the marina is progressing.

Impressa Pizzarotti, Italy-based contractor since 1910 has a large international experience in high level residential, hotel and multifunctional projects worldwide. The company is currently carrying out projects in Europe, US, GULF Countries and North Africa.

Azmont Investments is the Montenegro-based Investor since 2012. They are currently developing the Portonovi Resort in Boka Bay. The company is in the process of getting the license to establish the Azmont Bank in Montenegro.

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