Why is this important: The redevelopment of the 340-hectare site will revitalize a once heavily polluted industrial zone. With 70% of the land publicly owned and 30% privately owned, the transformation is expected to stimulate economic growth and create a modern hub for innovation. The park is also set to improve regional connectivity, with Rama envisioning Elbasan as an extension of Tirana’s metropolitan area. This is the latest in a series of major initiatives for Elbasan presented by the Prime Minister in recent months.

Why is this important: The growth in FDI highlights Albania’s increasing appeal to international businesses, particularly in sectors like real estate, extractive industries, and manufacturing. These investments play a crucial role in supporting economic growth, creating jobs, and modernizing infrastructure.

Why is this important: The initiative seeks to promote economic development in remote mountainous regions by legalizing and supporting investments on privately owned land without formal property titles. It is also part of a broader strategy to expand agrotourism and prepare Albania’s tourism sector for increased competition upon joining the European Union.

Why this is important: The Automotopark positions Elbasan—and Albania—as a regional leader in automotive innovation and motorsport infrastructure, while also advancing national road safety goals and local economic development.