Why Tirana

The Fastest Growing City in Europe

Investors must search for the right places to put their capital in light of the current financial crisis gripping industrialized countries such as the United States, United Kingdom, and Western Europe. Tirana is unaffected by these events and is experiencing explosive growth. In particular, real estate and tourism are seeing double-digit growth and will continue to be key pillars of Albanian economy.

International Impact

Tirana is not impacted by the war in Ukraine, and Albania stands in a position to profit as a new player in food exports. Also, Foreign Direct Investment in Albania is reaching unseen levels, surpassing pre-pandemic levels quickly. 

City of Growth

Aerial drone view, Tirana, Albania

25 significant and contemporary projects are currently being developed across the city of Tirana and many more to come in the future.

Growing Tourism

Tirana nightlife

Tirana’s tourism market continues to grow by leaps and bounds with 7.5 million foreign tourists visiting Albania in 2022 surpassing the pre-pandemic record in 2019

Current Tirana Developments

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Reports on Tirana and Albania

Reforming its Way into the Future

Perhaps the best description of Albania today is provided by the World Bank, “Albania has transformed from one of the poorest countries in Europe to an upper-middle-income country. The country is implementing important reforms to revitalize growth and job creation, while advancing the European Union integration agenda.” The US State Department also refers to Albania as an “upper middle-income country” and highlights how “Albania offers large untapped potential for foreign investments across many sectors including energy, tourism, healthcare, agriculture, oil and mining, and information and communications technology (ICT)” In addition, US State Department highlights how the [Albanian banking] sector is sound, profitable, and well capitalized… and its total assets have steadily increased over the years reaching USD 17 billion at the end of 2021 mostly based on customer deposits.”

The words of the World Bank and US State Department are verified when one walks the streets of Tirana. From the wealthy to the poor, nearly all city residents enjoy a comfortable lifestyle. Poverty is not seen on the streets. Approximately 2/3 of households own a car, with well over 15% of those being luxury vehicles.  Even those with the smallest incomes enjoy sitting at cafes having coffee. (Albania overtook Spain during the pandemic as having the most cafes per capita.)

Key Economic Indicators

Saranda, the gem of the Albanian Riviera

Albanian Coast – Saranda

Conde Nast Traveler has recognized Tirana as emerging as one of Europe’s top tourism destinations and a haven for foodies. With 41 direct flights a day to Italy, direct connectivity to nearly every major city in Western Europe, and the strong demographics of Tirana, the potential for Project Adriatic is limitless. Equally as important, this project will also allow investors to join the Project Adriatic team in additional opportunities on the Albanian Riviera (an area growing as quickly as the capital city) and New Europe including Croatia, N. Macedonia, Kosovo, and Bulgaria.

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