Eagle Hills Montenegro, a subsidiary of Eagle Hills, has signed a landmark cooperation agreement with local partners in Ulcinj to establish Eagle Hills EcoVillage Shas, a new company that will develop a world-class eco-tourism destination in the country.
The agreement marks a major step toward bringing to life the vision of EcoVillage Shas — a sustainable tourism project that blends hospitality, nature, and cultural heritage. The development will include eco-friendly accommodation, wellness and longevity tourism concepts, and recreational experiences, offering visitors an authentic Montenegrin journey while protecting the unique natural environment of the Shas area.
Mohamed Alabbar, Chairman of Eagle Hills, said the project highlights the group’s commitment to Montenegro’s position as a leading Mediterranean tourism hub.
“EcoVillage Shas reflects our deep commitment to Montenegro’s growth as a leading Mediterranean tourism destination. By combining international expertise with strong local partnerships, we aim to deliver a sustainable project that celebrates the natural beauty of Ulcinj while creating long-term economic value for the community.”
Beyond its tourism offering, EcoVillage Shas is designed as a model for eco-sensitive development in the region. By safeguarding the biodiversity of Lake Šas and honoring the cultural heritage known as the “Balkan Atlantis,” the project seeks to enhance Montenegro’s global reputation as a destination where nature and history coexist.
The initiative will also support the local economy through job creation, partnerships with local businesses, and new opportunities for the people of Ulcinj.
