Foreign investment in Croatia, and especially Dubrovnik, has been relatively stagnant over recent years but news has just broken of a new investment Clearpoint Resort in Cavtat. This project is the idea of a Canadian investor and would see a tourist complex, along with a marina, built in Cavtat.
The Canadian investors started to purchase the land in 2006 and work is beginning on organizing all the necessary documentation that is needed. Due to the global financial crisis work on Clearpoint Resort slowed down but now the company has reopened negotiations with government and local authorities. The Canadian company, “360 Vox”, are a corporation specializing in the development of destination resorts, real estate and tourism objects and are based in Montreal.
The future resort will include a marina with 200 berths, spa and health club, swimming pools and fitness facilities as well as two hotels, one larger five-star and a smaller, boutique hotel with 80 rooms. The site is directly opposite of Cavtat, some 17 kilometers south of Dubrovnik, and is located on around 100,000 square meters of land, with approximately 68,000 square meters of waterside area for the marina. “The project is beneficial to the local community, firstly it would provide jobs in the construction phase and also it will heavily engage Croatian suppliers and improve the overall tourist offer in the far south of Croatia”, commented Luksa Glavinja the representative of 360 Vox in Croatia. Once all the documentation has been collected the construction process is expected to take between 2 and 3 years.
During her recent visit to Dubrovnik the Canadian Ambassador to Croatia, Louise Laroque, gave her support to the project and commented to assist the investors. “Canadian investors see a real future in Croatia” said Glavinja. Of course Croatia’s impending entry into the European Union in July this year will give the investors more motivation to complete the project and also interest future foreign investment.