Stari Grad - Investors from Dubai investing in Croatian tourism

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Stari Grad - Investors from Dubai investing in Croatian tourism

21 May 2012

Stari Grad
Over the next year the Investment Fund Arqaam Capital from Dubai plans to constuct a five star hotel, with a capacity between 150 and 200 rooms and a hundred luxury villas, worth 100 million euros near Stari Grad on the island of Hvar. Investors from the United Arab Emirates have already purchased 16 acres of land during 2008 and 2009. It is planned that the complex with the capacity of 800 beds should be managed by the South African chain Kerzner International Resorts, which manages resorts in the Bahamas, the Maldives and Mauritius, Dubai, Mexico, Morocco and South Africa. Also constructed in the luxurious complex of the highest category, along with the hotels and villas, will be restaurants, wellness, recreational facilities, shops and service areas for various services. The facility would, according to investors, fit well into a Mediterranean environment and adapt to the architectural history of Hvar, whilst being fashionable and environmentally sensitive at the same time, which means it will use passive solar systems and renewable energy. The complex will be constructed with minimal obstruction to the natural environment.

Starigrad is located on the central Dalmatian island of Hvar, at the end of a six kilometre long bay. Because of its protected location, it has been a haven for seafarers for centuries. The island of Hvar and Starigrad are considered to be the sunniest areas in the Adriatic. The island has 2711 hours of sunshine annually.

Such climate conditions, together with the cultural heritage of Starigrad, which was inherited from their ancestors as well as the hospitable mentality of the locals, make it an unforgettable and unavoidable place for all travelers passing through the Adriatic.

The Tourist Board of Split-Dalmatia County

The Tourist Board of Stari Grad

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