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Jared Kushner’s efforts to negotiate an end to the Iran War are not going well. But he is only moonlighting as one of the Trump administration’s top diplomats. Kushner is also having problems at his day job as the founder of Affinity Partners, a private equity fund bankrolled by Saudi Arabia and other foreign governments.
Along with his wife Ivanka Trump, the daughter of President Trump, Kushner is developing a multibillion-dollar resort on Sazan Island in Albania and nearby coastline. In an interview with the David Senra podcast published Sunday, Ivanka Trump described the project dreamily:
It’s an unbelievable, beautiful, 1,400-hectare private island in the middle of the Mediterranean. We were on a friend’s boat and we stopped for a swim. Effectively, that’s how we found it. We swam to the island, we went on a hike, barefoot all the way up to the top, and we were just captivated, and it stayed with us ever since. And over the course of many years, we developed the opportunity to help realize its potential and transform it, but with a lot of restraint and care because the land is so beautiful that, really, the architecture has to be fully integrated into it, almost rise from it.
Ivanka Trump said the project is “the culmination of all of my experience in real estate, all of my travel, a lot of reflection on how I want to live, how I think people increasingly want to live.”
But the reality of the massive project, which includes 10,000 hotel rooms and is located in one of Europe’s most environmentally sensitive areas, is a lot messier. In 2024, the Albanian government changed the law to allow the area, which was previously part of a protected national park, to be developed. After Trump’s election in November 2024, the Albanian government granted Atlantic Incubation Partners, an LLC linked to Kushner, “strategic investor“ status, clearing the way for permits.
Kushner’s LLC was granted that status “just weeks before the new US president’s inauguration, even without a business plan or feasibility study for the construction of a luxury resort on an uninhabited island once used by the army for shooting practice.”
On Monday, Albania’s Special Structure Against Corruption and Organized Crime, known as SPAK, confirmed it was investigating Kushner’s project. The investigation will probe the changes to the land’s protected status and how Kushner-controlled entities obtained rights.
An investigative report by the Balkan Investigative Reporting Network (BIRN) found that the project involved a “network of shady individuals and companies“ including “a businessman accused of links to the Italian mafia, a former judge who resigned due to the vetting process, the daughter of a lawyer accused of forgery, the company of a murdered businessman and individuals linked to one of Albania’s biggest oligarchs, Shefqet Kastrati.”
In January, 41 environmental organizations from 28 countries wrote to Albanian Prime Minister Edi Rama and called for “the immediate suspension of any decisions advancing the project.” The groups said the resort posed “serious risks to the biodiversity and critical habitats of the area,” including “crucial habitats for some of the world’s most endangered marine species.”
Rama, however, has continued to defend the project. “There is not a single chance it will be stopped for as long as I am here,” Rama said at a press conference Tuesday.
“Albania Is Not for Sale”
On Senra’s podcast, Ivanka Trump said she was “just there [in Albania] walking the lands” to “sort of be with it and experience it alongside some of the greatest living architects of our time.” She did not mention that the property has been subject to mass protests.
On April 29, government officials allowed barbed wire fencing to be constructed around the coastal portions of the resort property. This cut off miles of beach from the public. Heavy machinery was brought in to construct access roads.
The actions prompted regular protests by Albanians objecting to handing Kushner a public asset to develop into an ultra-luxury resort. Video captured private security guards dragging a protester across the ground.
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