EUR 500 mln Azerbaijani investment in Kumbor

This is to be the first One & Only hotel in Europe with 150 guest rooms and villas, a marina, a pier for fishing boats, a fish market, a tennis centre, around 70 shops, cafés, restaurants, a heliport and other facilities are planned. Last year a government tender for the 90-year lease of the area was won by SOCAR (the State Oil Company of Azerbaijan), represented by Triangle Investments and Development Limited. Podgorica-based Azmont Investments has since been set up by the Azerbaijan