Adriatic Marinas and Damen are collaborating with the Government of Montenegro, for the redevelopment of the former Bijela shipyard in Boka Bay, Montenegro. After the completion of the remediation works in early 2020, the shipyard will transform into a superyacht repair and refit facility.
The former Bijela Shipyard in Boka Bay, Montenegro is planned to be redeveloped by superyacht marina development and operating group Adriatic Marinas and the global ship and superyacht builder Damen. The parties are working with the Government of Montenegro on the plans since 2012.
On 30th November, the Concession Agreement for the yard was signed after the completion of technical surveys and the placing of a contract by the government and the World Bank for the remediation of the site. Following completion of the remediation works in early 2020, it will be transformed by the consortium over the following 12 months into a superyacht repair and refit facility.
The resulting benefits to the economy of Montenegro are potentially significant with over 300 people eventually expected to return to the marine industry.
Bijela, Herzeg Novi, is the historic homeland of the sector in Montenegro and with this the region will once again deliver Montenegro’s renowned skills to the Mediterranean marine market.
We are happy that today marks the beginning of a new lease of life for the shipyard in Bijela. Together with our partners we take a long-term view on making yacht maintenance and refit in Montenegro a success.
Rene Berkvens, Damen’s CEO, commented.
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On the same page, Adriatic Marinas Managing Director David Margason stated that this initiative is an ideal example of how Montenegro’s fast-growing tourism and marine leisure industry can convert back into the generation of jobs in associated creative and production industries to offer a comprehensive, integrated and sustainable range of employment opportunities to future generations in the country.