"Bloomberg": Trump's son-in-law's bet with projects in Albania and Serbia

USA - Jared Kushner, the son-in-law of former US President Donald Trump, seems determined to push ahead with his $1 billion luxury hotel and condo project on Sazan Island. The well-known American magazine "Bloomberg" has dedicated another long article to the project, which seems to have received the blessing of the Albanian government from the beginning.

Kushner intends to build luxury villas perched on clifftops that rise above where the Adriatic and Ionian seas meet in the Mediterranean, blending into the rugged landscape. The hotel will be operated by the exclusive brand Aman, whose clients include Mark Zuckerberg, Bill Gates and the Kardashians (…) He plans to spend more than 1 billion dollars to build these hotels , ”- Bloomberg emphasizes.

The interest in Albania came after a visit in 2021, Kushner said last week in a call to Bloomberg. "I was intrigued. The opportunity came a year later. I've been back there a few times to check things and make sure I'm comfortable. I am more and more happy about the potential there."

The Investment Agency in the Albanian government has considered Kushner's application for Sazan, according to the Minister of Tourism, Mirela Kumbaro.

" Every serious investor, especially from Albania's allied countries, such as the USA, has an open door to contribute to increasing the quality of tourism, a vital sector for the country's economy ", - Kumbaro is quoted by the American media.

Kushner's company is also looking at the possibility of a separate investment in Zvrnec, beyond Sazan, but no application has been sent yet. "There is more work to be done in this country because it is a protected area," says Asher Abehsera, CEO of Affinity Global Development, which works closely with Kushner.

The article states that, however, as "the interest increases, so do the objections". Some locals, environmentalists and politicians are concerned that the protected waters surrounding the island could be damaged by construction and traffic.

Kushner has said that his project will respect all environmental standards to preserve the coastline, while Prime Minister Edi Rama has said that critics "are lying to themselves" because the area has never been protected "except by Enver Hoxha's soldiers".

But opponents also say there is not enough discussion and verification of the island's status as a national security site. Albania changed its law on protected areas weeks before Kushner publicly announced his plans, paving the way for the construction of five-star hotels or "other strategically important projects."

It depends on politics and Kushner's father-in-law, according to Alfred Lela, press secretary for the opposition Democratic Party of Albania. "Seeing that the Democrats may lose the November elections, Rama seeks to align himself with the Trump administration," he said. Kumbaro, the tourism minister, said there was no connection between the law changes and Kushner's project.

Bloomberg says that since 2021, Kushner has visited Albania several times, most recently in June, accompanied by his wife, Ivanka Trump. The couple traveled to the Balkans by private jet and toured the region by helicopter. The article also talks extensively about the project that Kushner plans to build in Belgrade, a luxury hotel in the ruins of the General Staff of the Yugoslav Army, damaged during NATO bombing in 1999.

Kushner is supported by Richard Grenell, the special envoy for the Serbia-Kosovo dialogue during the presidency of Donald Trump, who still maintains close relations with the governments of the region. /Lapsi.al

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