{"id":37682,"date":"2022-06-06T17:05:56","date_gmt":"2022-06-06T15:05:56","guid":{"rendered":"https:\/\/euronews.al\/en\/?p=37682"},"modified":"2022-06-06T18:26:34","modified_gmt":"2022-06-06T16:26:34","slug":"strategic-investors-granted-22-million-meters-square-along-kavajas-coastline","status":"publish","type":"post","link":"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/","title":{"rendered":"Strategic investors granted over 2 mln square meters along Kavaja\u2019s coastline"},"content":{"rendered":"<p>2,2 million square meters along the Kavaja coastline were granted to strategic investors.<\/p>\n<p>One of the natural beauties given away to private companies is the Turra Castle beach.<\/p>\n<p>The Committee of Strategic Investments approved on April 5 a project submitted by Marina Hills, whose developer is FINSEC Development.<\/p>\n<p>The area extends to some 412 hectares, with some of the areas under state ownership.<\/p>\n<p>The amount that the company has promised to invest, which includes building villas and a resort, is around \u20ac450 million, while construction is expected to wrap up in 10 years.<\/p>\n<p>Finsec LTD owns 70% of the shares, a company registered in Switzerland and managed by Artan Kraja. The rest of the company\u2019s shares are owned by Greg Xhillari.<\/p>\n<p>Mediterranean Wave was another company that was granted permission to build in the same area, after promising a \u20ac50 million investment that will go to build resorts and private villas.<\/p>\n<p>As the two projects collide, Marina Hills\u2019 was forced to shrink its project to 163 hectares.<\/p>\n<p>Regardless of that, Finsec will uphold its investment amount, including the same number of employees.<\/p>\n<p>In May 2013, Finsex won another concession for 35 years, in order to build a touristic port <strong><a href=\"http:\/\/portoalbania.com\/\">called Porto Albania<\/a><\/strong> at a bay close by the Turra Castle beach.<\/p>\n<p>The estimated amount of the investment was \u20ac35,8 million and cover an area of 17 hectares.<\/p>\n<p>9 years on, that project remains unfinished.<\/p>\n<p><strong>YOU MIGHT ALSO LIKE<\/strong><\/p>\n<ul>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/04\/12\/85-of-strategic-investors-are-albanians\/\">85% of strategic investors are Albanians<\/a><\/strong><\/li>\n<li><strong><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/03\/28\/what-types-of-benefits-does-a-strategic-investor-get\/\">What are the benefits bestowed on strategic investors?<\/a><\/strong><\/li>\n<li><a href=\"https:\/\/euronews.al\/en\/albania\/2022\/03\/16\/what-does-it-take-to-become-a-strategic-investor-in-albanias-coastline\/\"><strong>What does it take to become a strategic investor in Albania\u2019s coastline?<\/strong><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>2,2 million square meters along the Kavaja coastline were granted to strategic investors. One of the natural beauties given away to private companies is the Turra Castle beach. The Committee of Strategic Investments approved on April 5 a project submitted by Marina Hills, whose developer is FINSEC Development. The area extends to some 412 hectares, [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":37683,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[153],"tags":[270,671,150,151,902],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strategic investors granted over 2 mln square meters along Kavaja\u2019s coastline - Euronews Albania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strategic investors granted over 2 mln square meters along Kavaja\u2019s coastline - Euronews Albania\" \/>\n<meta property=\"og:description\" content=\"2,2 million square meters along the Kavaja coastline were granted to strategic investors. One of the natural beauties given away to private companies is the Turra Castle beach. The Committee of Strategic Investments approved on April 5 a project submitted by Marina Hills, whose developer is FINSEC Development. The area extends to some 412 hectares, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\" \/>\n<meta property=\"og:site_name\" content=\"Euronews Albania\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/euronews.al\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-06T15:05:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-06T16:26:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2022\/06\/Foto-ilustruese1-1-1068x601-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1068\" \/>\n\t<meta property=\"og:image:height\" content=\"601\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Euronews Albania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:site\" content=\"@euronewsalbania\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Euronews Albania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\"},\"author\":{\"name\":\"Euronews Albania\",\"@id\":\"https:\/\/euronews.al\/en\/#\/schema\/person\/40904b56ee024949b80be8199e47e27d\"},\"headline\":\"Strategic investors granted over 2 mln square meters along Kavaja\u2019s coastline\",\"datePublished\":\"2022-06-06T15:05:56+00:00\",\"dateModified\":\"2022-06-06T16:26:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\"},\"wordCount\":263,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/euronews.al\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/euronews.al\/en\/wp-content\/uploads\/2022\/06\/Foto-ilustruese1-1-1068x601-1.jpg\",\"keywords\":[\"albania\",\"Kavaja\",\"Kryesor 1\",\"Kryesoret\",\"strategic investor\"],\"articleSection\":[\"Albania\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\",\"url\":\"https:\/\/euronews.al\/en\/strategic-investors-granted-22-million-meters-square-along-kavajas-coastline\/\",\"name\":\"Strategic investors granted over 2 mln square meters along Kavaja\u2019s coastline - 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