Podgorica, (MINA-BUSINESS) – Minister of Maritime Affairs, Filip Radulovic, has signed a Memorandum of Understanding with representatives of Abu Dhabi Ports Group aimed at cooperation on the development and modernization of maritime and logistics infrastructure in Montenegro.

The Ministry said in a press release that Abu Dhabi Ports Group is one of the world’s leading companies in port management and logistics. 

“The Memorandum provides for a joint assessment of the potential for improving the Port of Bar, developing supporting infrastructure and digital solutions, as well as opportunities for cooperation with the Port of Kotor, with full respect for state interests and existing ownership structures,” Radulovic said.

According to the press release, the Memorandum paves the way for joint cooperation on projects for the modernization and expansion of the Port of Bar and the development of supporting port infrastructure, including a free economic zone, railway and digital solutions in Montenegro, the management of the cruise terminal of the Port of Kotor, as well as all other sectors or regions that the parties consider to be of mutual interest.