How will public properties be developed? - New program/Rama: Invest in Albania, partnership with the state
The government has introduced the new public property development program, inviting investors in various fields of the economy to apply, guaranteeing transparent competition and simple procedures.
Edi Rama, Prime Minister of Albania
"A new profile will be created for the public sector, an entrepreneurial profile that will put us in the club of countries that have these practices and experiences for many years and consolidated and as a result the state will not be stripped of its participation in property development, but it will be an actor in collaboration with other market actors.
Through this new instrument, we give the institutions the opportunity to develop the properties that they have in the function of their public interests and we give the opportunity to the enterprise that in the case of state properties they can use this instrument, not like in the past without getting anything back .”
While several projects have been presented where investments can be made, such as the revitalization of the Selman Stremasi stadium or the National Library, the importance of these investments in increasing the value of the property has also been assessed.
Erion Veliaj, Mayor of Tirana Municipality
"Investments made in the capital, such as the new Market, have shown to have a significant economic impact and have significantly increased the value of the property.
Blendi GonxhjaMinister of Economy, Culture and Innovation
"Selman Stermasi is an extraordinary pole located in the center of Tirana and will bring an extraordinary development, increasing the value of the property. Void and Lifttower are the other two centers that will be transformed. There are 22 institutions that will find spaces there".
According to the Albanian Investment Corporation, investment projects are estimated to have a high return rate of 25-30%. While the Riviera projects are considered as the projects of the future, negotiating on favorable terms for the state and investors.
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