Albania 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.
Kushner is spearheading several projects in the Balkans, where leaders are competing to get into the good graces of Trump and his family.
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