Kushner To Use Saudi Funds To Build Albanian Resort

The Washington Post reports:

Jared Kushner is seeking to transform a stretch of the Albanian coast into the kind of luxury resort that his father-in-law, former president Donald Trump, would brag about. It would be Kushner’s biggest project yet using part of his roughly $3 billion private equity fund — financed largely by investors in Saudi Arabia and other Mideast petrostates — bringing international tourism to an area that stagnated under years of communism and neglect.

The former senior White House adviser has accepted billions from the sovereign investment funds of countries that he dealt with as a government official, and is now investing in countries his father-in-law would deal with if reelected. Kushner makes an estimated $40 million in management fees, regardless of what happens to the investment, and stands to make much more if the deals are profitable.

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In Albania, Jared Kushner is undertaking his biggest project yet using part of his roughly $3 billion private equity fund — financed largely by investors in Saudi Arabia and other Mideast petrostates — bringing international tourism to an area environmentalists say is one of the… pic.twitter.com/h2Tl4nKxep

— The Washington Post (@washingtonpost) August 17, 2024

VIDEO: Once a Cold War military base, Albania’s Sazan island is anticipating a makeover after Jared Kushner, son-in-law of former US president Donald Trump, unveiled plans alongside his wife Ivanka Trump to revamp it with a touch of luxury. pic.twitter.com/DWpE51BzkC

— AFP News Agency (@AFP) August 12, 2024