Arab fund is buying a share in Porto Montenegro

#Dubai #PortoMontenegro #MohammedShaibani

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The head of the UAE’s state investment fund, the Investment Corporation of Dubai (ICD), Mohammed Shaibani, has arrived tonight for final talks on buying a stake in Porto Montenegro, Prva TV learns.

ICD manages public assets of Dubai and holds stakes in numerous companies and institutions, such as the stock exchange in Dubai, Emirates National Oil Company and Emirates airline.

Shaibani is one of the ten most influential people of Dubai and the sixth in the ranking of 500 most powerful people in the Arab world engaged in business across the globe.

According to official data, Peter Munk, the owner of the Porto Montenegro, has invested about €397m in Porto Montenegro so far. Prva TV reported that details of the expected acquisition will be known tomorrow.

Source: Cafe Del Montenegro