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TIRANA (Albania), October 9 (SeeNews) – Balfin Group, the Albanian-American Enterprise Fund and AlbStar have launched a joint 40 million euro ($51.8 million) project for the construction of a logistics park in Tirana, the Albanian government said on Tuesday.
The first phase of the project alone will cost 25 million euro, the government said in a statement posted on its website.
Tirana Logistic Park will have a footprint of 200,000 square meters.
Tirana-based privately-held Balfin Group is active mainly in real estate development and retail trade.
The Albanian-American Enterprise Fund is a not-for-profit corporation promoting private sector development.
AlbStar is an Albanian company that offers engineering services.