• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026

1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026
Environmentprotests
Europe

Albanian protesters are furious about a giant development on a virgin beach that Jared Kushner and Ivanka Trump discovered on vacation

By
Zana Cimili
Zana Cimili
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Zana Cimili
Zana Cimili
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 4, 2026, 9:13 AM ET
gg
Protestors take part in a demonstration in front of the prime minister's office, against the construction of a luxury resort near a protected natural area, in Tirana on June 3, 2026.AFP via Getty Images

A massive coastal development project linked to Jared Kushner, the son-in-law of U.S. President Donald Trump, is facing growing resistance from protesters in Albania.

Recommended Video

Police fired water cannon and clashed with protesters on Wednesday in the latest demonstration in the capital, Tirana.

The government says the development on the Adriatic coast would be transformational for the former communist nation as it seeks to enter the high-end tourism market and pushes for European Union membership.

But the venture, spanning an abandoned island and a nearby stretch of seafront on Albania’s southern coast, has drawn opposition from environmental campaigners and critics of long-time Socialist Prime Minister Edi Rama.

Kushner and Ivanka Trump found the site on a barefoot hike

The luxury project has two components: a coastal development in the Narta Lagoon area, which is a wildlife reserve, and a smaller resort on the nearby uninhabited island of Sazan, a communist-era military base.

The planned development of hotels, apartments, villas and a marina is linked to Kushner and Trump’s daughter, Ivanka Trump.

In an interview this week with U.S. podcaster David Senra, Ivanka Trump said they discovered the site by accident.

“We were on a friend’s boat, and we stopped for a swim. Effectively, that’s how we found it,” she said. “We swam to the island. We went on a hike, barefoot all the way up to the top, and we were just captivated.”

An investment firm linked to Kushner has been granted special investor status by Albanian authorities.

Harsh rule, pristine beaches

Albania has 450 kilometers (280 miles) of coast that remained largely underdeveloped during decades of harsh communist rule.

Protest groups fear the sections of that pristine coastline could be snapped up by powerful investors. And public anger grew after video showed an activist being dragged by a private security guard while demonstrating at the site.

The development is planned within a nature reserve and one of Albania’s most valuable biodiversity areas, a key stopover for migratory birds along the Adriatic coast.

Protesters have carried cardboard cut-outs of pink flamingos, one of the protected migratory bird species, at rallies in Tirana.

Since late May, excavators and other heavy machinery have entered the area, opening access routes, digging into the sand, clearing land among pine trees and installing fencing.

Environmental groups from Albania and elsewhere in Europe condemned the work, with one prominent local group charging that long-protected habitats are being “irreversibly destroyed.”

A multi-billion dollar bonanza?

Albania’s state anti-corruption agency has confirmed it opened an investigation related to the project but has not disclosed details.

The government says the land earmarked for the project is privately owned. But competing claims have emerged questioning the privatization — a common type of legal dispute.

Rama has committed to the venture, saying it would align with Albania’s ambition to become a major global tourism destination.

“Albania should not be a country that fears an extraordinary project like this one, where exceptional partners have come together to invest 4 billion euros ($4.6 billion),” Rama said.

He added: “There is no chance for this investment to stop as long as I am here.”

However, the demise of a similar project in Serbia offers a cautionary tale. In November, Serbia’s Parliament passed a special law to enable the building of a luxury complex in the capital, Belgrade, to be financed by an investment company linked to Kushner.

The following month, Serbia’s prosecutor for organized crime charged four people, including a government minister, with abuse of office and falsifying of documents to help pave the way for the development.

Kushner later withdrew from the planned multi-million investment that would have replaced a sprawling bombed-out military complex, a designated heritage zone whose legal protection was lifted by the former officials now on trial.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Zana Cimili
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Environment

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Environment

fla
EnvironmentInsurance
Florida’s insurance exodus is triggering a 2008-style chain reaction — with one critical difference
By The ConversationJune 12, 2026
11 hours ago
pattie
LawCopyright
Patagonia sues drag queen Pattie Gonia, seeking $1 for trademark infringement
By Brittany Peterson and The Associated PressJune 12, 2026
14 hours ago
albania
Europeprotests
Ivanka called it captivating. Protesters call it destruction: What to know about the Kushner unrest in Albania
By Zana Cimili and The Associated PressJune 12, 2026
14 hours ago
lula
EnvironmentTariffs
Trump turned environmentalist to slap new tariffs on Brazil, so why are deforestation rates down?
By Gabriela Sa Pessoa and The Associated PressJune 12, 2026
23 hours ago
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America’s beef supply
North AmericaUSDA
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America’s beef supply
By Marco Quiroz-GutierrezJune 10, 2026
3 days ago
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
EnergyBrainstorm Tech
Tesla cofounder: ‘We should be really worried’ about the U.S. grid as China speeds ahead in the power race
By Jordan BlumJune 9, 2026
3 days ago

Most Popular

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
Investing
When SpaceX starts trading, some 'shareholders' will discover they own nothing at all
By Jim EdwardsJune 12, 2026
19 hours ago
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
Environment
Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back
By Catherina GioinoJune 9, 2026
4 days ago
Current price of oil as of June 12, 2026
Personal Finance
Current price of oil as of June 12, 2026
By Joseph HostetlerJune 12, 2026
17 hours ago
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
Success
American taxpayers have spent $33 billion on sports stadiums. They got fewer seats—and higher prices
By Catherina GioinoJune 11, 2026
1 day ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
2 days ago
Current price of oil as of June 11, 2026
Personal Finance
Current price of oil as of June 11, 2026
By Joseph HostetlerJune 11, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.