One of the three objectives of the Albanian Investment Corporation, specifically expressed in its organic law, is “the efficient use of state properties”. But is the institution headed by Elira Kokona really accomplishing this mission?
In the most recent call, opened on April 30, 2026, the Corporation has reduced for the first time, to 35%, the part of the construction area that will be transferred to the state after the completion of the project.
As ekofin.al reported earlier, in the first projects this percentage was 45%, then it was reduced to 40% with the Kulla e Kadastra (Lift Tower) project, while now it is down to the lowest level to date, in an attempt to encourage greater interest from private investors, but meanwhile the state is the biggest loser, since in constructions with massive areas, such as the project in question, where only one building is calculated at 50 thousand meters square meters, 5% less or more is 2,500 square meters of construction.
On April 30, AIC published the announcement of the procedure for a new development project in Tirana, which includes the construction of the “Corps of Independent Institutions” in Administrative Unit no. 2, in the building that currently houses INSTAT and the “Multifunctional Development Center”, which includes a new medical clinic and a community gym in Administrative Unit no. 7, in the area of the former airfield.
According to the qualification document, the project will be implemented through a partnership model, where the Corporation holds the role of developer of state-owned properties, while the private partner will undertake financing, design and construction. In exchange, the investor will develop a multifunctional facility for entrepreneurship on the property of the Corporation in the former Aviation Field, with an area of up to about 50 thousand square meters.
The main aspect of the competition is related to the financial offer: the candidates must guarantee a minimum of 35% of the surface for the Corporation, while the winner will be declared the one who offers the highest percentage above this threshold, practically turning the competition into an auction on the allocation of the construction surface.
The selection procedure is structured in two stages, where first the architectural project ideas are evaluated by an international jury and then the financial offers. Only the best candidates in the first stage move to the final stage, where the offer for the benefit of the Corporation becomes decisive.
Another important element is that the private partner will bear all the main costs of the project, including financing, detailed design, payment of taxes and fees, as well as the temporary arrangement of public institutions affected by the development. Also, he will have to develop two public facilities from the part that belongs to the Corporation in the project for entrepreneurship.
From a financial point of view, candidates must prove access to at least 10 million euros of liquidity or financing lines, as well as previous experience in similar projects worth several million euros.
The deadline for submitting applications is set until June 19, 2026, at 3:00 p.m., while the procedure is open to all subjects, local and foreign. /ecofin.al
