Ivanka Trump and Jared Kushner Plan $1.4 Billion Aman Resort on Albania’s Sazan Island

The project would redevelop a former military base on Sazan Island, Albania, where unexploded ordnance is still being cleared, and the report says Gulf capital is providing most of the financing.

Summary

Ivanka Trump and Jared Kushner are reported to be planning a $1.4 billion Aman-branded luxury resort on Sazan Island, Albania. The project would be built on a former military base that is still undergoing clearance of unexploded ordnance, highlighting a significant redevelopment challenge at the site. According to the provided report, the development is financed largely by Gulf money. Aman is a luxury hospitality brand, and the project points to a high-end tourism investment tied to a complex former defense location.

Terms & Concepts
  • Capital financing: The funding structure used to pay for a project, often combining investor money, loans, or other sources of capital.
  • Redevelopment: The process of converting an existing site, such as a former military base, into a new commercial or residential use.
  • Unexploded ordnance: Munitions that did not detonate when originally deployed and must be cleared before land can be safely reused.