Zürcher Nachrichten - What we know about Trump relatives' project in Albania

EUR -
AED 4.172342
AFN 72.710612
ALL 94.168298
AMD 416.905528
ANG 2.034081
AOA 1042.371374
ARS 1678.31029
AUD 1.65118
AWG 2.044985
AZN 1.9286
BAM 1.953543
BBD 2.284331
BDT 139.388972
BGN 1.921014
BHD 0.427626
BIF 3379.668848
BMD 1.136103
BND 1.47142
BOB 7.830678
BRL 5.903261
BSD 1.134218
BTN 106.921597
BWP 15.47679
BYN 3.2276
BYR 22267.609445
BZD 2.280951
CAD 1.613709
CDF 2578.952433
CHF 0.920584
CLF 0.026563
CLP 1045.441695
CNY 7.729871
CNH 7.732513
COP 3916.883862
CRC 516.189873
CUC 1.136103
CUP 30.106717
CVE 110.133891
CZK 24.26945
DJF 201.972005
DKK 7.474919
DOP 66.832794
DZD 151.6401
EGP 56.247867
ERN 17.041538
ETB 178.882691
FJD 2.574516
FKP 0.863381
GBP 0.861603
GEL 2.999799
GGP 0.863381
GHS 12.745827
GIP 0.863381
GMD 82.374992
GNF 9937.954521
GTQ 8.645746
GYD 237.107734
HKD 8.909054
HNL 30.348649
HRK 7.534292
HTG 148.234877
HUF 354.840039
IDR 20421.556456
ILS 3.388909
IMP 0.863381
INR 107.521196
IQD 1485.701749
IRR 1562197.774025
ISK 144.001077
JEP 0.863381
JMD 178.747237
JOD 0.805487
JPY 183.755445
KES 147.17041
KGS 99.352152
KHR 4567.301578
KMF 493.068367
KPW 1022.492668
KRW 1758.908246
KWD 0.351795
KYD 0.945119
KZT 549.658668
LAK 25207.846413
LBP 101564.502763
LKR 382.246361
LRD 206.248102
LSL 18.781437
LTL 3.354616
LVL 0.687217
LYD 7.283548
MAD 10.696976
MDL 20.130894
MGA 4835.32959
MKD 61.665491
MMK 2385.286853
MNT 4071.590517
MOP 9.159416
MRU 45.047662
MUR 54.74872
MVR 17.55286
MWK 1966.720578
MXN 19.935202
MYR 4.662111
MZN 72.600692
NAD 18.781437
NGN 1563.41347
NIO 41.733012
NOK 11.244909
NPR 171.205307
NZD 2.016571
OMR 0.436833
PAB 1.133251
PEN 3.887705
PGK 4.976974
PHP 69.678275
PKR 315.645935
PLN 4.286572
PYG 6930.66674
QAR 4.141125
RON 5.233345
RSD 117.38096
RUB 85.43419
RWF 1666.621562
SAR 4.258129
SBD 9.147844
SCR 15.043431
SDG 681.661005
SEK 11.084614
SGD 1.473553
SHP 0.848215
SLE 28.17688
SLL 23823.506013
SOS 648.136161
SRD 42.399316
STD 23515.028438
STN 24.490031
SVC 9.924004
SYP 125.575795
SZL 18.780677
THB 38.010011
TJS 10.476812
TMT 3.976359
TND 3.337298
TOP 2.735463
TRY 52.964947
TTD 7.702898
TWD 36.180204
TZS 2975.379763
UAH 50.999382
UGX 4193.008418
USD 1.136103
UYU 45.466075
UZS 13613.03396
VES 705.239032
VND 29896.537885
VUV 136.128641
WST 3.155838
XAF 655.690086
XAG 0.020225
XAU 0.000285
XCD 3.070373
XCG 2.043977
XDR 0.815518
XOF 655.736242
XPF 119.331742
YER 271.102488
ZAR 18.803803
ZMK 10226.281982
ZMW 20.472108
ZWL 365.824549
  • CMSC

    -0.0190

    22.046

    -0.09%

  • RBGPF

    0.0000

    61.3

    0%

  • BCE

    0.0000

    23.2

    0%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • VOD

    0.0500

    13.86

    +0.36%

  • RIO

    1.0800

    95.11

    +1.14%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • NGG

    0.5900

    83.42

    +0.71%

  • GSK

    0.8000

    51.89

    +1.54%

  • JRI

    0.0100

    12.58

    +0.08%

  • BCC

    2.1000

    79.76

    +2.63%

  • RELX

    -0.2300

    30.92

    -0.74%

  • BTI

    1.0900

    62.48

    +1.74%

  • BP

    -0.1400

    37.72

    -0.37%

  • AZN

    2.6600

    185.68

    +1.43%

What we know about Trump relatives' project in Albania

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.

G.Kuhn--NZN