Albania Takes Stake in Jared Kushner’s $1.4 Billion Tourism Plan
Tourists visit the St. Mary's Monastery on Zvrnec island in Vlora, Albania.
Photographer: Atdhe Mulla/BloombergAlbania established a state-owned company to take a stake in a $1.4 billion luxury resort project led by Jared Kushner, Donald Trump’s son-in-law.
The company, set up days after Kushner and Ivanka Trump visited the coastal city of Vlore, will oversee state assets and ensure a government say in the project’s development, operation and the use of its proceeds. It was registered Thursday as Albanian State Development & Real Estate.