Abu Dhabi developer completes $70.8m Serbia ski resort project

The project cost was 260 million dirhams ($70.8 million). (Shutterstock)

• The Viceroy Hotel offers panoramic views of the Kopaonik mountain

DUBAI: The Emirates Stallions Group (ESG), owned by Abu Dhabi’s International Holding Company, said it has completed work on a new resort destination in Serbia.
The Viceroy Hotel is located close to one of the European country’s largest national parks, and offers panoramic views of the Kopaonik mountain.
The project cost was 260 million dirhams ($70.8 million), the company said in a statement.
There will also be a ski school at the resort, taking advantage of the location’s 160 days of snow. Other outdoor activities include paragliding, water sports, hiking, and snowboarding.
“We have brought the company’s outstanding real estate development skills to the beautiful Viceroy Kopaonik in Serbia, and we look forward to more luxury development projects in the near future,” ESG chair Matar Suhail Al-Yabhouni Al-Dhaheri said.
The Abu Dhabi-listed company provided consulting services to the project through its development arm Royal Development Company.