Joint venture of Damen and Porto Montenegro

A concession agreement for the shipyard in Bijela has been signed by the Damen Group, Porto Montenegro and the Government with the aim of transforming the former shipyard into a luxury yacht facility.

The Damen Group is a Dutch defence, shipbuilding and engineering conglomerate company based in South Holland. The plan is to rebuild 14 yachts in the first season 2020/2021, while in the fifth and sixth year they expect to reach full capacity of 100 yachts a year with an average employment of more than 400 people.

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