Albania approves luxury resort project linked to Jared Kushner's company [View all]
Source: reuters
January 16, 20257:22 AM CST Updated 9 hours ago
TIRANA, Jan 16 (Reuters) - Albania's government has granted strategic investor status to a company linked to Donald Trump's son-in-law Jared Kushner to build a luxury resort on an uninhabited Mediterranean island that was once a military outpost.
The Balkan country's Strategic Investment Committee, headed by Prime Minister Edi Rama, on Dec. 30 accepted a proposal by Atlantic Incubation Partners LLC for the 45-hectare project on the small island of Sazan, involving a planned investment of 1.4 billion euros ($1.4 billion).
In the written decision, seen by Reuters on Thursday, the committee said the project complied with legislation on strategic investment and on the number of jobs required by the legislation, saying it would employ an estimated 1,000 people.
Under the law, the granting of strategic investment status allows companies to implement an investment project that is deemed strategic as part of a strategic sector of the economy such as tourism.........................
Read more: https://www.reuters.com/business/albania-approves-luxury-resort-project-linked-jared-kushners-company-2025-01-16/
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