Porto Montenegro resort to expand, open SIRO hotel in 2024

"This year we are opening a new neighbourhood, Boka Place, with more than 45 new tenants, and the SIRO Hotel," the head of Porto Montenegro's human resources department, Sandra Kapicic, said in a statement published on the company's website.

Kapicic invited interested candidates to apply for 450 new jobs that will be opened at Porto Montenegro this year within the F&B establishments of Buddha-Bar Beach and MayaBay restaurant, as well as the Regent Hotel and the new SIRO Hotel. For the purpose, Montenegrin company Adriatic Marinas, which operates Porto Montenegro, along with Hotels Regent Porto Montenegro and SIRO Boka Place is organising a job fair on March 1, in search of new employees.

Apart from the 96-room SIRO hotel, the new Boka Place neighbourhood will also feature 144 SIRO-managed residences, 69 private residences, a shopping hub and a multi-screen cinema, 45 retailers and cafes, and social space. It will be the second neighbourhood at Porto Montenegro.

The first one - South Village, features a 450-berth marina, a five-star Regent hotel overlooking the marina, more than 440 Regent Pool Club residences and 75 bars, restaurants and retail outlets.

The third neighbourhood in the pipeline is Synchro, representing a social and entertainment setting for music, fashion and culture. Synchro will feature a five-star hotel, waterside residences, and a beach club with a swimming pool.

Located on the Boka Bay coast, the village will comprise five neighbourhoods.

In 2016, the principal investment arm of Dubai's government - the Investment Corporation of Dubai (ICD), acquired Porto Montenegro from Canadian billionaire Peter Munk for 200 million euro ($216 million), local media reported back then.

Munk bought Montenegro’s idling ship repair company Arsenal, located in the Adriatic town of Tivat, for some 30 million euro in 2006 and pledged to invest a further 106 million euro in it over five years, launching the development of the Porto Montenegro project.

($ = 0.926 euro)