Key facts
- Jared Kushner's firm Affinity Partners is involved in a €1.4 billion luxury resort development on Sazan Island, Albania.
- The project includes hotels, villas, apartments, and a marina.
- The venture has faced opposition from environmental groups and local campaigners.
- Concerns include threats to sensitive ecosystems and a lack of transparency about investors.
Jared Kushner's investment firm, Affinity Partners, is reportedly facing significant challenges with a proposed €1.4 billion luxury tourism development on Sazan Island, Albania. The project, which aims to transform the island into a high-end resort featuring hotels, villas, apartments, and a marina, has encountered difficulties in its progression.
The venture has sparked opposition from environmental groups and local campaigners who argue that it poses a threat to sensitive ecosystems and lacks sufficient transparency regarding its investors. Kushner, a businessman and former White House envoy, aims to develop a $5 billion luxury beach resort area in Eastern Europe, an area typically ignored by American investors.
Kushner, married to Ivanka Trump, daughter of US President Donald Trump, played a prominent role in the White House from 2017 to 2021. His business dealings have often attracted attention, particularly his firm's substantial backing from Saudi Arabia's Public Investment Fund after leaving government service in 2021.