Bloomberg reports that Jared Kushner, the son-in-law of the US President-elect Donald Trump, is pursuing a luxury resort project in Albania with an estimated investment of 1.4 billion dollars. The report suggests this move would mark Kushner’s most ambitious footprint in the Balkan nation to date.
The plan is for a resort on Sazan Island in the Ionian Sea, off Albania’s southern coast, spanning roughly 5.6 square kilometers. The Albanian Cabinet Committee on Strategic Investments, chaired by Prime Minister Edi Rama, approved the agreement on January 15, days before the inauguration. The project now enters an environmental assessment phase, and its go-ahead could be withdrawn if any of the government’s conditions are breached.
Albania recorded 11.7 million foreign visitors in 2024, underscoring the country’s rising appeal to travelers and the appeal for future investments. For readers in Canada and the United States, the announcement ties together a pattern of international attention on Albania as a site for large-scale development and strategic investment.
Earlier reports suggested Kushner sought donors for his presidential campaign, a detail that adds political sensitivity to the Albania plan.
The United States held its presidential election on November 5, with 312 electoral votes going to Donald Trump and 226 to Kamala Harris. To prevail, a candidate needed at least 270 electoral votes.
The inauguration of the 47th U.S. president was scheduled for January 20, 2025, marking a transition in leadership and a new phase for bilateral ties.
Earlier, Trump proposed Charles Kushner for the post of United States Ambassador to France.