Montenegro Megayacht Yard 'Adriatic42' is Officially Operational

The announcement marks the beginning of significantly enhanced operations at the facility in Bijela, Herceg Novi, Montenegro.

The world's largest sailing yacht, Black Pearl, became the first boat to dock in Adriatic42's superyacht yard earlier this month for its ongoing refit.

The President of Montenegro, Milo Đukanović, said: 

“Starting from today, with the service provided by Adriatic42, Montenegro presents itself to the world as a well-rounded facility for nautical tourism that, in addition to moorings, offers to yacht owners and their crews quality repairs, relieving them of the need to temporarily move from Montenegrin marinas every year."

"We are proud, that this is the first marine facility of its type and scale in Montenegro. And that contributes to the perception of Montenegro as a new tourist destination in the Mediterranean and in Europe," he continued.

Built on the grounds of the former Bijela shipyard, Adriatic42 is a premier, full-service superyacht refit and maintenance facility, where services are provided to the highest quality standards by dedicated, experienced and professional yachting contractors.

Adriatic Shipyard Bijela, founded in 1927, was the largest ship repair yard in the Southern Adriatic. It was fully equipped to repair and reconstruct ships and other vessels of various sorts and purposes weighing up to 120,000 deadweight tones, regardless of the size of the damage or the reconstruction operation.

Managing Director of ICD, His Excellency Mohammed Al Shaibani, said: 

“The Investment Corporation of Dubai is delighted that the joint venture between its operating business in Montenegro, PM Holdings LLC, and our expert marine engineering partner, Drydocks World Dubai, is being realized through the opening of Adriatic42’s specialist superyacht shipyard."

"Together we’ve shared a long-held ambition to re-activate Montenegro’s former Bijela shipyard in Kotor Bay, and Adriatic42’s new refit and repair facility, with the extraordinary superyacht marina village of Porto Montenegro as its backdrop, will create a unique and unrivalled year-round yachting hub in the Mediterranean. This is just the beginning for Adriatic42’s superyacht services, and we look forward to the employment opportunities and prosperity which they will bring to Montenegro," he added.

Chairman of Adriatic42, Captain Rado Antolović, said: 

“The opening of this unique facility for the refit and maintenance of mega yachts, marks the beginning of a new era of sustainable and modern shipbuilding globally. It is also a great boon for the maritime and yachting sectors in Montenegro, with more than €40 million invested in the project to date, including for the acquisition of the state-of-the-art infrastructure and investments in sustainable technologies.“ 

Captain Antolovic also outlined the importance of environmental protection. Preserving the natural environment is a key priority for the new facility which is located in the unique Boka Kotorska.

Adriatic42's sustainable approach, which includes the highest environmental and safety standards to prevent environmental pollution, is supported by new and modern equipment that allows the facility to maintain an energy-efficient way of doing business and the intelligent use of alternative energy sources.