The Japan Times - What we know about Trump relatives' project in Albania

EUR -
AED 4.239148
AFN 76.183133
ALL 93.242695
AMD 422.066935
AOA 1059.642688
ARS 1727.110367
AUD 1.638971
AWG 2.080616
AZN 1.960251
BAM 1.955655
BBD 2.324318
BDT 142.849428
BHD 0.435164
BIF 3449.11485
BMD 1.154295
BND 1.479784
BOB 13.958027
BRL 5.910221
BSD 1.15401
BTN 109.825872
BWP 15.607777
BYN 3.416732
BYR 22624.173581
BZD 2.320918
CAD 1.615637
CDF 2609.859744
CHF 0.93435
CLF 0.02672
CLP 1055.048443
CNY 7.791054
CNH 7.789111
COP 3672.942237
CRC 524.929317
CUC 1.154295
CUP 30.588806
CVE 110.25684
CZK 24.205269
DJF 205.50301
DKK 7.475304
DOP 67.244732
DZD 153.502688
EGP 57.471515
ERN 17.314419
ETB 186.262401
FJD 2.553819
FKP 0.857432
GBP 0.857122
GEL 3.018477
GGP 0.857432
GHS 13.565055
GIP 0.857432
GMD 84.842311
GNF 10135.249888
GTQ 8.805348
GYD 241.43004
HKD 9.054939
HNL 30.930577
HRK 7.534661
HTG 150.888179
HUF 363.741084
IDR 20659.564222
ILS 3.476689
IMP 0.857432
INR 109.925261
IQD 1511.781564
IRR 1586924.175584
ISK 141.990031
JEP 0.857432
JMD 182.926462
JOD 0.818416
JPY 182.177709
KES 149.308045
KGS 100.942743
KHR 4682.633154
KMF 492.883829
KRW 1642.584342
KWD 0.356596
KYD 0.961725
KZT 540.782319
LAK 26074.844302
LBP 103342.499248
LKR 387.641311
LRD 208.303681
LSL 18.823107
LTL 3.408332
LVL 0.698221
LYD 7.356456
MAD 10.767203
MDL 20.079427
MGA 4961.611298
MKD 61.52518
MMK 2423.376627
MNT 4150.658845
MOP 9.324769
MRU 46.264576
MUR 54.182173
MVR 17.833786
MWK 2001.034568
MXN 19.905129
MYR 4.720486
MZN 73.770814
NAD 18.823025
NGN 1573.04937
NIO 42.466857
NOK 11.000254
NPR 175.719473
NZD 1.961533
OMR 0.443831
PAB 1.154005
PEN 3.900811
PGK 5.098623
PHP 70.147602
PKR 320.383288
PLN 4.298905
PYG 6864.462226
QAR 4.218488
RON 5.254356
RSD 117.323662
RUB 93.874598
RWF 1695.26719
SAR 4.334528
SBD 9.313251
SCR 16.730066
SDG 693.14483
SEK 10.923534
SGD 1.479794
SLE 28.393616
SOS 659.54833
SRD 43.479949
STD 23891.567097
STN 24.498081
SVC 10.097253
SZL 18.807445
THB 38.149235
TJS 10.64572
TMT 4.040031
TND 3.384764
TRY 54.934005
TTD 7.813388
TWD 37.188029
TZS 3058.878269
UAH 51.673876
UGX 4298.663235
USD 1.154295
UYU 46.47656
UZS 13752.982139
VES 870.581951
VND 30282.918056
VUV 137.758452
WST 3.15032
XAF 655.905615
XAG 0.018708
XAU 0.000271
XCD 3.119538
XCG 2.079855
XDR 0.814801
XOF 655.908456
XPF 119.331742
YER 273.423548
ZAR 18.82236
ZMK 10389.969123
ZMW 21.955185
ZWL 371.682381
  • RIO

    2.5000

    101.51

    +2.46%

  • BCE

    0.0600

    22.06

    +0.27%

  • NGG

    -0.1600

    80.26

    -0.2%

  • BCC

    -1.6900

    84.8

    -1.99%

  • AZN

    5.8800

    161.5

    +3.64%

  • GSK

    -0.0700

    51.46

    -0.14%

  • BTI

    0.1500

    59.27

    +0.25%

  • RYCEF

    0.6000

    21

    +2.86%

  • BP

    -1.2300

    41.21

    -2.98%

  • JRI

    -0.0500

    12.67

    -0.39%

  • VOD

    -0.3800

    15.31

    -2.48%

  • CMSD

    0.0200

    22.04

    +0.09%

  • RELX

    -0.1900

    36.61

    -0.52%

  • RBGPF

    0.0000

    69.74

    0%

  • CMSC

    -0.0600

    21.73

    -0.28%

What we know about Trump relatives' project in Albania
What we know about Trump relatives' project in Albania / Photo: STRINGER - AFP

What we know about Trump relatives' project in Albania

Protesters are furious over a planned luxury tourism complex in Albania that is linked to US President Donald Trump's son-in-law Jared Kushner.

Text size:

The project was unveiled more than two years ago but many of the details remain unclear. Here is what we know so far.

- Origins -

Kushner and his wife Ivanka Trump announced plans to construct luxury hotels and villas in Albania back in 2024.

The project was planned for two areas along the Adriatic coast -- the protected delta area of Vjosa-Narta and the nearby uninhabited island of Sazan, once a secret communist military base.

In late 2024, the government granted "strategic investor" status to a company called Atlantic Incubation Partners, believed to be linked to Kushner's Affinity Partners fund.

The status gives access to fast-track administrative procedures and support from ministries, according to a document seen by AFP.

Ivanka Trump has since visited the Vlora region accompanied by architects and investors, and has met Prime Minister Edi Rama.

"As of today, there is no definitive agreement" regarding Sazan, Rama's office told AFP on Thursday.

"Since Sazan is public property, the Albanian state must remain a stakeholder and direct beneficiary of any potential development on the island."

- Who is investing? -

The investment on Sazan island is estimated at $1.6 billion, while Rama recently referred to a four-billion-euro project in Zvernec.

Affinity Partners referred AFP's questions to a PR agency, which provided a statement attributed to Asher Abehsera, chairman of Sazan Real Estate Development, a company described as managing the project with a "variety of investors".

"We're excited about the opportunity to create a world-class destination and make one of the largest private investments in the region's history," the statement said.

However, AFP has not been able to find any legal trace of a company with that name.

Questioned by AFP on the project in Zvernec, the government said on Thursday that it is a "private property".

Its said the project's "investors are the two co-owners of Power International Holding W.L.L from Qatar, a holding company that owns various businesses and whose tourism portfolio is among the most prestigious in the world".

- Why is it disputed? -

Environmental groups argue the project will trample on protected land, while other critics accuse the authorities of corruption.

Dozens of NGOs have raised the alarm about the project's potential impact on the Vjosa-Narta protected zone.

More than 40 groups sent a letter to the government in January demanding the project be suspended immediately.

Critics have also raised questions over the origin of the funds used to purchase coastal land and the legality of the procedures.

Like many plots of land in Albania, the area is subject to property disputes dating back to the collapse of communism in the 1990s.

Thousands of families are still hoping to reclaim ancestral land that was taken by the communists after World War II, with some claiming ownership over land allocated to the project.

- Probes and protests -

Opposition has intensified in recent days after videos emerged showing bulldozers on the beach.

Protesters clashed with private security guards on Saturday in the region after gathering to register their anger at newly installed barbed wire blocking access to the beach.

Thousands of demonstrators have since gathered in the capital Tirana over three consecutive evenings calling for the project to be cancelled and former owners to get their land back.

More protests have been planned for the coming days.

Meanwhile, the special anti-corruption prosecutor's office has opened an investigation.

Media reports say the office will probe changes to the protected status of the Vjosa-Narta area.

They are also set to investigate how officials were able to bypass the system of public tenders for contracts, and the origin of the funds used to purchase land titles.

The prosecutors' office confirmed to AFP that an investigation had been opened but declined to give further details.

Y.Ishikawa--JT