Mirax Group LLC started with invest over €200 million ( $296.9 million) to build a seaside resort in Montenegro. Mirax Group has launched the project in the most popular part of the Montenegrin coast - the Budva Riviera. The resort will include a hotel, residential and recreation facilities with a total area of 94,000 square meters on 8.7 hectares. It will have luxury villas spread on 26,000 square meters and a residential building and hotel complex covering 30,000 square meters each.
Obviously, by new detailed plans of Budva Municipality, they will get a 25-40 floor skyscraper hotel and docks for luxury yachts. Hotel will be by the shape similar to hotel BURJ AL ARAB in Dubai.
MIRAX Group is known for its Federation Tower project in Moscow and many other investments throughout a world.