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Trump's son-in-law speaks to the "New York Post": Why I chose Albania to build luxury resorts and hotels

Politiko 2024-03-20 21:32:39

Trump's son-in-law speaks to the "New York Post": Why I chose

Jared Kushner, the son-in-law of Donald Trump, has spoken to the "New York Post" about the latest investments he will make in Albania, specifically on the island of Sazan from a former military bastion, which will turn into a luxury community with resorts.

Kushner's foray into the region comes as his Miami-based private equity firm, Affinity Partners, engages in advanced investment discussions to exceed $1 billion, hoping to reshape the tourism and real estate landscape in Southeast Europe.

For NYP, Kushner has shown why he chose Albania, the island of Sazan, to invest in luxury resorts.

"The ability to develop 3 miles of beautiful coastline and a 1,400-acre island in the middle of the Mediterranean is unique. The water is crystal blue like the Maldives. It's beautiful. The beaches are incredible and it's just one of these special places." , Kushner told the NYP.

Teaming up with friends Ric Grenell, the former US ambassador to Germany and NYC developer Asher Abehsera, Kushner is drawn to Albania's burgeoning tourism sector, buoyed by its rapid growth and international acclaim.

Notably, Albania's Ksamil ranks among the top global destinations on Airbnb, reflecting the country's emergence from its communist past to become a hot spot for travelers seeking unspoiled beauty and historical intrigue.

Dubbed the "North Korea of ​​Europe", Albania has undergone an evolution and now boasts macroeconomic stability, a growing tourism industry and a growing attraction for international investors.

After leaving government, Kushner founded Affinity, a private equity firm that has amassed $3.1 billion in assets.

The firm secured significant backing from investors backed by the Middle Eastern state, notably receiving around $2 billion from Saudi Arabia's Public Investment Fund.

Although the large investment has raised eyebrows, Kushner defended the funding during a summit in Miami sponsored by media company Axios last month, saying he followed every law and ethics rule.

"If you ask me about the work we've done in the White House, to my critics, what I say is a single decision we made that was not in America's interest ," Kushner said.

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