Sazan Real Estate Development LLC – Albania on fire – update

Utter bonehead Sulaiman Ahmed has spewed the nearly unbelievable “Not 5,000 protesters in the streets, not even 500,000 protesters can stop me.”

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Ivanka Trump and Jared Kushner’s plans to build an exclusive, 10,000 room resort on a 1,400-hectare private island in Albania has hit major roadblocks after thousands of locals launched protests against the project. People took to the streets of Albania’s capital Tirana on Tuesday on the third day of growing protests against the project.

The Special Prosecution Office Against Corruption and Organized Crime (SPAK) opened an official inquiry into the decisions made in 2024, when the protected status of the land earmarked for the resort was altered, thereby opening it up for Trump development. Protests by locals and non-profit organizations started after large ⁠barbed wire fences were erected by developers at the site in Zvernec, near Vlora. Several hundred gathered and clashed with private guards on Saturday and some were injured. Video of that went viral and the protest grew and spilled into the streets.

Sazan Real Estate Development LLC is the firm leading a $1.4 billion luxury resort project on Sazan Island and the nearby coast in Albania. Partnered with Jared Kushner’s investment firm, the Saudi financed Affinity Partners, has recently faced widespread protests and an official investigation into corruption.

The project has an estimated total cost of $4 billion and is expected to be built on around 2.5 square kilometres within a protected coastal ecosystem. An investigative report by the Balkan Investigative Reporting Network (BIRN) found that the project involved a “network of shady individuals and companies“ including one of Albania’s biggest oligarchs, Shefqet Kastrati.

The project received support of Prime Minister Edi Rama, prompting protesters to demand his resignation.

It’s said the land titles have been forged, which led authorities to seize assets, including bank accounts. Zvërnec South Adriatic Development links the project to two Qatari billionaire brothers and Jared Kushner. The development is effectively stopped for now as there is no capital flowing.

The path for development was cleared in 2021 when the government downgraded the protection status of the Pishë Poro-Narta ecosystem, reduced its protected area by more than 5,000 hectares and approved the construction of an airport in Akërni. Zvërnec South Adriatic Development signed development agreements with individuals and businesses that claim ownership of more than 2.5 million square metres of land, or 251 hectares, in Zvërnec and Narta.

Artur Shehu has lived in the United States for decades, residing in a luxurious villa on Alton Road in the Miami Beach Golf Club area. He and his former lawyer, Pëllumb Petritaj, who has repeatedly faced allegations of document forgery, appear often in documents. Associates include Ferdinant Sulaj. Prime Minister Edi Rama’s government ties with the Albanian mafia are being laid bare.

The largest share of land involved in the project, around 1.2 million square metres, is owned by South Adriatic Development, a company wholly owned by Redi Struga. Struga acts as a key intermediary for Qatari billionaire brothers Ramez and Mohamad Al-Khayyat.

Urbacon Trading and Contracting, a Qatar-based company owned by brother Moutaz Al-Khayyat, is involved in resort construction.


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