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Local/Regional Economic Development in South ... - Value Chains

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creas<strong>in</strong>gly <strong>in</strong>terest<strong>in</strong>g for foreign direct <strong>in</strong>vestment <strong>in</strong> the<br />

tourism sector. International <strong>in</strong>vestors have already signaled<br />

great <strong>in</strong>terest <strong>in</strong> participat<strong>in</strong>g <strong>in</strong> the development of<br />

tourism, and <strong>in</strong>itial agreements with coastal municipalities<br />

have been signed.<br />

Lesson learned and key recommendations for similar<br />

projects<br />

The extremely complex <strong>in</strong>ter-<strong>in</strong>stitutional and <strong>in</strong>terdiscipl<strong>in</strong>ary<br />

nature of coastal management, <strong>in</strong>volv<strong>in</strong>g a multiplicity<br />

of relevant m<strong>in</strong>istries, government <strong>in</strong>stitutions,<br />

coastal municipalities, etc. with very different <strong>in</strong>terest and<br />

objectives, requires an extraord<strong>in</strong>ary degree of negotiat<strong>in</strong>g<br />

skill, an <strong>in</strong>ter-discipl<strong>in</strong>ary team, and patience. A project<br />

term of at least five years with a budget of at least EUR<br />

3 million is advisable.<br />

Prepar<strong>in</strong>g strategies/plans as steer<strong>in</strong>g and regulative <strong>in</strong>struments<br />

can only be a means to an end. Early and cont<strong>in</strong>ual<br />

contact with potential (tourism) <strong>in</strong>vestors is thus recommended,<br />

<strong>in</strong> order to facilitate timely implementation of<br />

strategies with visible results.<br />

Contact<br />

Thomas Waldraff, GTZ OE 3112 Montenegro<br />

thomas.waldraff@gtz.de<br />

73

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