Foreign investment is not a threat but an opportunity, if properly guided and wisely used. This is the core message of Romy Hawatt, an Australian entrepreneur and philanthropist of Lebanese origin, and one of the first foreign investors in Montenegro. He played a key role in the sale of the Porto Montenegro complex to Dubai’s Investment Corporation (ICD) and is the CEO of Riana Group based in Dubai. He is also the founder of the international pilot training network, Airways Aviation.
Hawatt emphasizes that foreign investment should not be seen as an alternative to domestic entrepreneurship, but as something that complements it. A country with a population of 650,000 simply does not have enough internal capital or demand to develop everything on its own, and that is acceptable.
He points out that the key lies in strategic partnerships where foreign capital strengthens local businesses, helps create new industries, and supports long-term economic growth. What matters is investing in the right sectors—those that benefit citizens, residents, and tourists, respect the environment, and leave a lasting positive impact.
Reflecting on his first visit to Tivat before Porto Montenegro was developed, Hawatt describes it as a quiet and underdeveloped town, with a neglected shipyard and little appeal. Today, he sees a transformed destination with international visitors, improved infrastructure, and new economic activity—an example of successful foreign investment.
He believes that the most promising sectors for future growth include eco-tourism, renewable energy, digital industries, and education. Montenegro, he says, has excellent natural conditions for solar, wind, and hydro energy. With smart organization, the country can not only meet its own energy needs but also export energy.
Hawatt addresses concerns about preserving national identity by stating that foreign investment, if managed transparently and inclusively, can enhance local culture while creating economic value. He stresses the importance of providing young people with reasons to stay in the country and build their lives there.
Commenting on the interest of serious investors like Mohamed Alabbar, Hawatt stresses the need for trust in institutions, consistent procedures, and a supportive business environment. He warns that negative media narratives and certain political attitudes can discourage quality investors.
Despite past challenges, Hawatt is optimistic about Montenegro’s future. He notes that the country has made steady progress, and that future prosperity will come from sectors such as green energy, organic agriculture, digital services, and education. These areas offer meaningful and stable jobs that reflect values like sustainability and independence.
