Velika plaza – Montenegro - Velika Plaža
Velika plaza – Montenegro - Velika Plaža
Velika plaza – Montenegro - Velika Plaža
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<strong>Montenegro</strong><br />
Ministry for Spatial Planning and Enivironment<br />
2 0 1 0<br />
Challenge<br />
of a Lifetime!
MONTENEGRO Basic data<br />
• Population 626,048<br />
• Surface 13,812 km 2<br />
• Border length 614 km (coast 293 km)<br />
• Capital city - Podgorica (around 180,000 inhabitants)<br />
• Old Royal Capital - Cetinje<br />
National parks: Durmitor, Lovćen, Biogradska Gora, Skadar Lake, Prokletije<br />
• Forests - 1ha per capita<br />
• Natural lakes - 40<br />
• Artificial lakes - 4
Why <strong>Montenegro</strong>?<br />
Advantages:<br />
• Political stability<br />
• Macro-economic stability<br />
• Level of Euro-Atlantic integrations achieved<br />
• Favourable tax system<br />
• Stabile-well developed banking sector<br />
• Good legislative basis for foreign investors<br />
• Liberal foreign trade system<br />
• Educated and qualified labour force<br />
• Attractive space for living<br />
• Preserved environment<br />
• Simple and expedient company incorporation procedure<br />
• Advanced negotiations for WTO accession<br />
2009, Ministry for Economic Development <strong>Velika</strong> <strong>plaza</strong>
Liberal tax system<br />
• Value added tax – 7% and 17%<br />
• Personal income tax – progressive rates 15%, abatement to 12%<br />
and then 9% in 2010<br />
• Company profit tax – 9%<br />
• Average customs duty – about 6%<br />
• No double taxation<br />
• Establishment of Free Zones
FDI in <strong>Montenegro</strong><br />
• €603 million of FDI in 2006<br />
• €1 billion of FDI in 2007 (€1,600 per capita) - according to its per capita investment,<br />
<strong>Montenegro</strong> is the leader in the region<br />
• €832 million of FDI in 2008<br />
• Most FDI are made through privatization<br />
• 2007/8 marked by investment in real estate<br />
• Investments come from 107 different countries<br />
Time of major “Greenfield” investments is ahead of us
FDI IN MONTENEGRO<br />
TOP 10 (Jan-Oct 2009)
FDI IN MONTENEGRO<br />
mil. euro<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
PLAŽA – OPŠTINA ULCINJ<br />
VELIKA PLAZA – Municipality of Ulcinj<br />
FDI in 2008<br />
The Government of <strong>Montenegro</strong> allocated the<br />
area of 1357 ha of <strong>Velika</strong> Plaza for the<br />
development of a tourist complex.<br />
mil. euro<br />
It is possible that the project will be realized<br />
through long-term lease of state land (903 ha)<br />
which would be given on lease to a maximum of<br />
90 years with possibility of extension.<br />
The availability of land in private ownership will<br />
depend on the arrangements concluded<br />
between the private owners, investors and<br />
project companies, with the assistance of the<br />
Government.<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
FDI Tender in 2008objective<br />
The objective of the tender <strong>Velika</strong> Plaza is the<br />
development of a multi-purpose, exclusive,<br />
long-term sustainable tourist complex of the<br />
highest quality, containing hotel, leisure and<br />
sport facilities, housing units, as well as objects<br />
of interest to the community, including<br />
education, health, business and cultural<br />
premises.<br />
Bidders are expected to design the complex to<br />
work 365 days a year and provide numerous<br />
benefits to the local community.<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
Qualification FDI in 2008 Criteria<br />
Companies and consortiums which fulfill the<br />
following criteria can participate in the tender,<br />
which is in preparation:<br />
• Significant experience related to the<br />
implementation of comprehensive real estate<br />
development projects<br />
• Experience in constructing real estate of a<br />
significant total area and significant value of<br />
investments, which will be defined by tender<br />
rules<br />
• Experience in operating either hotel, tourist,<br />
leisure, cultural and education properties or<br />
commercial /office centers<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
FDI Qualification in 2008 criteria<br />
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
•Continuous presence on the real estate<br />
market in at least three different countries<br />
•Proven international experience in successful<br />
marketing and sales of residential real estate<br />
•Letter of intention from an international<br />
company in hotel/resort management that is<br />
well-known on the international target<br />
markets of environmentally aware, high and<br />
middle class tourists<br />
•The participant in the tender or the<br />
consortium leader must have an annual<br />
turnover which will be defined by tender rules<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
Phases FDI in 2008 of the forthcoming tender<br />
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
• Submission of aplications for<br />
participation<br />
(Qualification stage)<br />
• Bidders conference<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
FDI Evaluation in 2008criteria<br />
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
•Objective of the tender –<br />
• Development of an exclusive, multi purpose,<br />
long term, sustainable tourism complex<br />
•<br />
Criteria:<br />
• Conceptual design:<br />
• Project vision (concept)<br />
• Environmental aspects<br />
• Project from community aspects<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
Evaluation FDI in 2008criteria<br />
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
•Investment program and business plan,<br />
including the proposed investment completion<br />
date<br />
• Investment program<br />
• Business plan<br />
• Investment completion date<br />
• Proposed annual rent and additional<br />
payment<br />
• Infrastructure development and utility<br />
services program<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
FDI in 2008<br />
•<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
General Concept<br />
VELIKA PLAŽA – OPŠTINA ULCINJ<br />
FDI in 2008<br />
• Planning documents proposed the idea of phased project implementation, through<br />
5 modules, anticipated by the General concept<br />
• General Concept-5 modules<br />
•<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
The decision on the winner of the <strong>Velika</strong> Plaza Master planning Contest<br />
and the announcement of the winner has been made in London, on<br />
the WTM<br />
The winning company is:<br />
Van Den Oever, Zaaijer & Partners, architecten Amsterdam / Stijlgroep<br />
Landscape and Urban Design Rotterdam<br />
Two runners-up are:<br />
• PRP Architects<br />
• Crawford Architects.<br />
And two special commendations went to:<br />
• Archipelagos / Aedas and<br />
• SSSCCM + PM.<br />
The winning five entries also presented their work of the <strong>Velika</strong> Plaza<br />
in Cannes, December 2-4, 2008.<br />
2010, Ministry for Spatial Planning and Environment<br />
<strong>Velika</strong> <strong>plaza</strong>
Van Den Oever Zaaijer & Partners<br />
2010, Ministry for Spatial Planning and Environment<br />
Holland<br />
<strong>Velika</strong> <strong>plaza</strong>
Van Den Oever Zaaijer & Partners<br />
2010, Ministry for Spatial Planning and Environment<br />
Holland<br />
<strong>Velika</strong> <strong>plaza</strong>
PRP Architects<br />
2010, Ministry for Spatial Planning and Environment<br />
United Kingdom<br />
<strong>Velika</strong> <strong>plaza</strong>
Crawford Architects<br />
2010, Ministry for Spatial Planning and Environment<br />
USA<br />
<strong>Velika</strong> <strong>plaza</strong>
Archipelagos/Aedas Team<br />
2010, Ministry for Spatial Planning and Environment<br />
USA / HK<br />
<strong>Velika</strong> <strong>plaza</strong>
SSSCCM+PM<br />
2010, Ministry for Spatial Planning and Environment<br />
Italy<br />
<strong>Velika</strong> <strong>plaza</strong>
Human Resources<br />
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Paswort<br />
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• Informing the diplomatic missions<br />
about the employment opportunities<br />
on the <strong>Velika</strong> Plaza Project<br />
• CV database<br />
• Opening an Human Resources Office<br />
in Ulcinj<br />
• Training of personnel required for<br />
conducting the future elite resort, as<br />
well as for other jobs that will be<br />
necessary for quality functioning of<br />
the complex<br />
2010, Ministry for Spatial Planning and Environment<br />
<strong>Velika</strong> <strong>plaza</strong>
www.velika<strong>plaza</strong>.info<br />
2010, Ministry for Spatial Planning and Environment<br />
<strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at REDCE<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at WTM London<br />
Press Conference<br />
Judge Panel<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at MIPIM HORIZONS:<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at MIPIM:<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at CITYSCAPE:<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at EIRE Milano:<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
<strong>Velika</strong> Plaza at FREI Budva:<br />
2010, Ministry for Spatial Planning and Environment <strong>Velika</strong> <strong>plaza</strong>
Useful links<br />
www.savjetzaprivatizaciju.me/en<br />
www.mipa.me<br />
www.velika<strong>plaza</strong>.info<br />
www.montenegroinvestments.info<br />
www.energy-conference.com<br />
www.bjelasica-komovi.com<br />
www.freitime.com<br />
2010, Ministry for Spatial Planning and Environment<br />
<strong>Velika</strong> <strong>plaza</strong>
MINISTRY FOR SPATIAL PLANINNG AND ENVIRONMENT<br />
Tel:+382 20 482 217; 482 183<br />
Fax:+382 20 234 13<br />
www.mse.gov.me<br />
<strong>Velika</strong> <strong>plaza</strong> – <strong>Montenegro</strong><br />
2010
Thank You!<br />
<strong>Velika</strong> plaža – Crna Gora<br />
2010.<br />
Challenge<br />
of a lifetime!
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