In this article, we are disclosing the statistics regarding the parcels of land offered for Strategic Investments in Coastal Tourism in the South Riviera. The article is based on well-structured data obtained from the Open Corporates Albania website, a platform that has created digital passports containing information on the ownership, management and operation of business companies, including the Strategic Investor and Albania 1 Euro Program Beneficiary categories. Strategic Investors acquire the status based on the relevant Law and by submitting a Business Plan to AIDA, the Albanian Investment Agency. After being awarded with the status, these companies are supported with favorable policies and investment programs. The official purpose of the Law on Strategic Investors has been to provide strong companies and increase employment. However, during the implementation phase, one doesn’t stumble upon well-known international companies that brought foreign direct investments and strengthened our industry or essential economic sectors. Most of the so-called Investors seem to be construction companies, whose intentions seem to want to take full advantage of the Law’s assistance to create touristic structures in the country. The following list and chart show the plots approved for construction to each Strategic Investor company.
Source: Open Corporates Albania
Comments and Analyses: Open Data Albania
Source: Open Corporates Albania
Comments and Analyses: Open Data Albania
Table: Tourist Business Areas that have won Strategic Investor Status for construction on the Coast until August 2023
Source: Open Corporates Albania
Comments and Analyses: Open Data Albania
In the table above there are 25 business companies. A total of 52 businesses have received the status of strategic investor, of which more than half are in the Coastal Tourism sector.
This article was written as part of the engagement in the Open Data Youth Fellowship team.
Download excel: If you want to access the excel or dataset that accompanies this article, please write to us at [email protected]Comments and Analyses: Open Data Albania
Contributed by: Arbjona Çibuku
Translated by: Rezarta Cushaj