Why is this important: If successful, Albania would become a host country for Formula 1, an event that could generate significant economic growth and enhance the nation’s global visibility. Beyond the race, the project aims to integrate Albania into the international motorsport economy, contributing to tourism, hospitality, and infrastructure development.

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 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.