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Washington Post: Why environmentalists are opposing Jared Kushner's investment in Zvrnec!

2024-08-17 19:48:13Aktualitet SHKRUAR NGA REDAKSIA VOX
Washington Post: Why environmentalists are opposing Jared Kushner's
Kushner's project for Zvrnec

In an article dedicated to the investments of former President Donald Trump's son-in-law in the Balkans, the "Washington Post" writes that Jared Kushner is planning two important investments in Albania, but the most controversial one is in the coastal area of ​​Zvrnec, an isolated paradise with beaches and cliffs with the Adriatic Sea on one side and a lagoon on the other.

Kushner, who launched his private equity firm Affinity Partners after Trump left the presidency, has been working with Richard Grenell, who served as Director of National Intelligence in the Trump Administration, on plans to develop as in Albania as well as in Serbia.

According to the Washington Post, the two have worked closely with Albania's "very transactional" prime minister, Edi Rama, on plans to develop some of the protected land in the southern European country.

However, environmentalists say that Kushner's plans to level protected areas in the coastal area of ​​Zvrnec could prove dangerous for rare flora and fauna and unbalance the ecosystem. Patagonia CEO Ryan Zellert told the Washington Post that he has "great concerns" about the resort's development.

"It's an amazing area, unique in the whole Mediterranean," he said. "And the idea that they want to develop, especially in the absence of a master plan, is a really bad idea."

The Minister of Tourism and Environment of Albania, Mirela Kumbaro, told the newspaper that "the whole of Albania is open for development". She dismissed environmentalists' concerns, saying they want the government to "abandon the region forever and have only birds. She added that Albania cannot sacrifice economic progress and leave protected land intact, especially as the area of protected area constitutes approximately 21% of the total area of ​​Albania.

The article also states that on one of his many trips to Albania over the past few years, Jared Kushner went for a walk along a stretch of Mediterranean coastline with pristine sand dunes and rocky beaches. The place, he said in an interview, was "magnificent" and now he is looking to transform this area of ​​Albania into one of the most luxurious resorts in the world. It would be Kushner's biggest project yet, using some of his roughly $3 billion private equity fund — financed mostly by investors in Saudi Arabia and other Middle Eastern states — bringing international tourism to an area that stalled during years of communism and neglect.

 He hired former Trump officials and received $3 billion in funds, according to the Securities and Exchange Commission filing, including $2 billion from Saudi Arabia's sovereign wealth fund.

In addition to the concerns raised by environmentalists, anti-corruption activists also sound the alarm about this development.

The Washington Post points to the source of the funding to raise concerns about whether Kushner took advantage of his power and ties to Trump while he was president. The article states that Kushner's funding from primarily foreign sources creates the impression that Affinity's investors are motivated not by commercial interests to seek a return on investment, but by strategic considerations of foreign nationals seeking to funnel money to American individuals. with personal ties to former President Trump. Kushner initially stated that he would invest a significant amount of Saudi money in Israel, but this has not materialized. Instead, Kushner has focused on two Balkan countries, Serbia and Albania.


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