Global investor and owner of the “Eagle Hills” company, Mohamed Alabbar, stated during an informal lunch with editors and directors of several media outlets in Tivat that he first discussed the development of Velika Plaža with the leader of the URA party, Dritan Abazović. At the time, Abazović was serving as the Prime Minister of Montenegro.
When surprised journalists pointed out that Abazović is now a leading figure in the protests against the development of Velika Plaža, Alabbar responded that he has no issue with that and considers Abazović a friend.
“I understand it’s politics, and I hold nothing against anyone—not the local community, and not Abazović. It’s all politics”, said Alabbar.
Responding to a question from the editor-in-chief of Pobjeda about whether his vision for Ulcinj involves high-rise buildings or the purchase or lease of land on Velika Plaža, Alabbar clarified that he has no such plans. Instead, he proposed a partnership model with the state of Montenegro, a concept previously mentioned by Prime Minister Milojko Spajić.
“The plan is for the state to contribute land and become a stakeholder in the projects. If we proceed based on the agreement with the UAE, we believe that’s the best path forward,” said Alabbar.
He acknowledged the importance of Chapter 27 of EU accession talks, which pertains to the Salina (salt pan) area, and pledged to do everything necessary to protect it. He even showed journalists a photo of a protected bird reserve in Dubai, suggesting a similar project could be developed for Ulcinj’s Salina if an agreement is reached.
Alabbar also expressed interest in sponsoring or funding a local football or basketball team.
When asked by a TVCG journalist why he applied for a beach lease tender in Ulcinj, Alabbar said it was prompted by Abazović’s earlier investment proposal.
He rejected claims that he demands access to the entire Velika Plaža coastline for his project, stating he is interested in a much smaller area and is open to discussions with the government and local communities to find the best solution.
Alabbar gave journalists an exclusive look at photos of previous projects he developed—particularly one in Egypt—that reflect his vision for Ulcinj. The images featured low-rise, eco-friendly developments, not high-rises.
“This is a project I’m proud of, and Ulcinj could look even more beautiful. I completed this one 15 years ago,” Alabbar said.
When asked if he was aware that Ulcinj is the poorest coastal municipality in Montenegro, with a budget of only €16 million and reliant on equalization funds, Alabbar confirmed that he was.
“That’s precisely why I wanted to show interest in Ulcinj. I believe the people of that city deserve much more,” he said.
He concluded by expressing his fondness for Montenegro, calling it an international tourism brand.
“If I get the chance to work here—in cooperation with local communities, authorities, and the government—it would be a pleasure”, Alabbar said.
