Malaysian Billionaire To Invest In Pearl Of Dubrovnik Project
- by croatiaweek
- in Business
One of Malaysia’s largest investors, Vincent Tan has arrived in Croatia to sign a deal which will see hotels, apartments and a marina be built-in Tri sestrice in Doli, 27 kilometres west of Dubrovnik.
Pearl of Dubrovnik (pic: Profectus)
The Pearl of Dubrovnik project is reportedly worth around one billion euros, reports daily Slobodna Dalmacija. “We have been negotiating for one year already, we have had meetings in Kuala Lumpur and London, and now we have signed a pre-contract for one of the seven hotels at Tri sestrice (Three sisters). We will hold a press conference at the location of the new hotel in about one month,” said Vincenzo Blagaic from Profectus, the company in charge of the project’s development.
An airport for business jets, golf courses and investment in Bosnia and Herzegovina is also planned for the project which in full completion is reportedly worth around 5 billion euros. Property tycoon Tan, whose also controls the lottery in the Philippines and Malaysia, is estimated to be worth 10 billion USD.
