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Tender announced on 500 ha industrial park concession near Durres

8. September 2015

The Albanian government plans to offer a series of tax reductions to foreign investors, including exemption from the 50% profit tax for first 5 years of their activity, exemption from the 20% VAT on imports and a series of other tax exemptions and deductable expenses. 

The Albanian government has announced an international temnder to select an investor to build and operate a technological and economic development zoneon a 500 ha area in Durres under a 99-year concession for a symbolic 1 Euro in return for investment and job creation.

In an announcement published on the Public Procurement Agency, the Ministry of Economy describes the area in Spitalle, just outside Durres, as a strategic site located close to the country's biggest port of Durres, 30 km from the international airport and 37 from Tirana. The tender is scheduled to be held on October 28, 2015.

Foreign investors will be offered a series of tax reductions, a one-stop-shop on licences and sipmlified and accelerated procedures in the next 3 years for strategic investments in energy, mining, transport, telecommunication, infrastructure, urban waste, tourism, agriculture and fishing.