About us
Magnum Development - your safe partner
With over three decades of experience in international construction, our company has established a strong track record of delivering excellence across Montenegro and Russia.
Our portfolio encompasses:
- 95 completed commercial and residential projects
- Total project value exceeding €70 million
- Over 200 000 m2 built, reconstructed and currently being completed.
- 34 years of continuous operation
Through precision engineering, quality construction, and professional project management, we continue to create lasting value for our clients across diverse markets and project types.
Vision for the region
Montenegro has implemented a comprehensive strategy to develop its northern region, recognizing its untapped potential and the need to balance regional development. At the forefront of these efforts is the Bar-Boljare Highway project, a transformative infrastructure initiative designed to connect the coastal region with the north, significantly reducing travel times and improving accessibility for both tourists and businesses.
Montenegro’s focus extends beyond basic infrastructure to encompass tourism development, particularly in the mountain regions. This includes substantial investments in modernizing ski resorts such as Kolašin 1450 and 1600, while simultaneously supporting the development of year-round tourism activities. The national “Wild Beauty” tourism strategy specifically emphasizes the northern region’s potential for eco-tourism, adventure sports, and cultural experiences.
The development efforts are significantly bolstered by European Union support through IPA funds and cross-border cooperation programs with neighboring Serbia and Bosnia & Herzegovina. These initiatives focus on rural development, environmental protection, and sustainable tourism practices, ensuring that development proceeds in harmony with the region’s natural beauty and cultural heritage.
This integrated approach to northern development represents a strategic priority for Montenegro, combining infrastructure improvements, economic incentives, and tourism development while leveraging international support to create sustainable growth opportunities in the region.
The Crowne of Kolašin: A Safe Investment in the New Pearl of Mountain Tourism
Magnum Development is an official IHG group partner
