In a recent interview, Jared Kushner, the son-in-law of former President Donald J. Trump, revealed his plans for major real estate deals in Albania and Serbia. These projects mark the latest in a series of international business ventures undertaken by the Trump family, even as Mr. Trump considers a return to the White House.
Kushner’s upcoming ventures in the Balkans are said to be a result of relationships forged during his time as a senior White House official. Teaming up with Richard Grenell, a former acting director of national intelligence under Trump, the duo is working on projects that include transforming an island off the coast of Albania into a luxury tourist destination and developing a site in Belgrade, Serbia, into a luxury hotel, residential units, and a museum.
These projects involve negotiations with the respective governments, as the land is currently under government control. Additionally, another project in Albania’s Vlorë region is in the works, which would see the construction of several hotels and villas on the Zvërnec peninsula.
Financing for these projects is expected to come from Kushner’s investment firm, Affinity Partners, which has secured funding from various sources, including Saudi Arabia’s Public Investment Fund. While the deals have not been finalized, Kushner expressed optimism about their progress.
Critics, however, have raised ethical concerns about the Trump family’s involvement in foreign business dealings. Robert Weissman, president of Public Citizen, described the proposed projects as unethical and potentially problematic if Trump were to be re-elected.
Kushner and his wife, Ivanka Trump, have largely distanced themselves from Trump’s political activities since the January 6th Capitol attack. The couple has visited Albania multiple times, accompanied by Grenell, to explore investment opportunities in the region.
Grenell, a former Fox News contributor, has been actively involved in turning his relationships in the Balkans into profitable ventures. Working closely with Kushner and his investment firm, Grenell has been vocal about his efforts to invest in Albania’s coastal region.
The day-to-day management of these projects will be overseen by Asher Abehsera, a real estate developer with experience in Brooklyn projects. Grenell has emphasized that there is nothing wrong with pursuing these investments, as he is no longer in government and is focused on private equity projects.
As the Trump family continues to expand its international business interests, questions persist about potential conflicts of interest and the implications of these deals on a potential return to political office for Donald Trump.