Kushners invest over $1 billion in undeveloped Albanian island

In December 2024, preliminary approval for a luxury resort development on Sazan Island, located off the coast of Albania, was granted to Ivanka Trump and Jared Kushner's investment group, Affinity Partners. This approval came after they had invested more than $1 billion into the island, which is known for its extraordinary landscape and subtropical climate. Initially perceived as a hidden treasure in the Mediterranean, Sazan Island is intended to maintain aspects of its natural environment while also attracting visitors. During the planning phases, a focus on environmental considerations and privacy is evident. The island is characterized by its rugged terrain, which includes a variety of trails and deep waterways named whimsically, such as the Bay of Paradise and Hell’s Gorge. The development plans not only aim to bring tourism but also to preserve parts of the island's unique features. Kushner's excitement about the island was noted during an interview where he expressed surprise at its untouched state prior to their investment. They envision a space that fosters both luxury and accessibility to nature resulting in a potentially high-profile vacation destination. Albania is not the sole target for Kushner; he is also seeking opportunities in Serbia. His group's plans involve converting the previous defense ministry building in Belgrade into a luxury hotel. This venture is linked to strategic political moves, as the Serbian president views Kushner’s involvement as a means to strengthen ties with the United States. Notably, Richard Grenell, the former U.S. ambassador, is associated with this project, aiding in bridging relationships through development. These developments reflect a growing interest in Eastern European investments and tourism, which is a significant turning point for Albania’s economic outlook as well. Investors like Kushner are keen to exploit the region's less developed areas while navigating the complexities of preservation and commercial gain. The implications of such investments could reshape the tourism industry in the Mediterranean, highlighting a balancing act between growth and conservation, all underscored by a history of unexploded ordnance and landmines on Sazan, which could pose concerns for safety during development.