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Donald Trump’s son-in-law eyes tourist projects in Serbia, Albania

Mar 18, 2024, 1:09:42 PMArticle by Genta Hodo
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March 18 (SeeNews) - US-based investor Jared Kushner, former president Donald Trump’s son-in-law and senior advisor, said he is planning to develop two luxury real estate projects, in Serbia and Albania.

Donald Trump’s son-in-law eyes tourist projects in Serbia, Albania

Kushner published visualisations of the projects set respectively on the Albanian coast and downtown Belgrade on social media platform X on Saturday. They depict a complex of luxury beachfront residences in Albania and a hotel and apartments complex in Belgrade, respectively.

Kushner’s company Affinity Partners is in advanced talks with the governments of Albania and Serbia, and the deals have yet to be concluded, he said in an interview, as quoted by the New York Times on Friday.

An inquiry to Affinity Partners by SeeNews seeking further details went unanswered by the time this article was published.

In Belgrade, the project involves building on the site of the former headquarters of the Yugoslav Ministry of Defense, which was bombarded by NATO in 1999, according to the New York Times. It is set to comprise a luxury hotel, 1,500 residential units and a museum.

The head of Serbian green opposition formation Ecological Uprising, Aleksandar Jovanovic Cuta, criticized the project, Voice of America reported last week. Cuta alleged a memorandum of understanding had been signed between the government and US offshore firms Kushner Realty and Atlantic Incubation Partners, involving a 99-year lease of the site without compensation. Serbia's minister of infrastructure Goran Vesic confirmed the government authorized him to sign the memorandum but he did not confirm the document was signed, according to VOA.

In Albania, the project envisages building on the southern island of Sazan, a former Soviet submarine base now designated as a military exclusion zone. According to the New York Times, there is also a third project, on the peninsula of Zvernec in southern Albania, envisaging construction of a number of hotels and hundreds of villas.

The Albanian tourism ministry said it told the Voice of America that Kushner’s company had applied to the country's investment development agency, AIDA, for a tourist project on the Sazan island, but the application has not yet reached the ministry.

"Every serious investor who comes, moreover from strategic allied countries of Albania such as the USA, has the door open to contribute to the qualitative growth of tourism and high standards in this vital sector for the country's economy," the ministry said.

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