TIRANA, April 9 /ATA/ – The Minister of Economy and Innovation Delina Ibrahimaj said on Thursday that the construction and real estate sectors account for about 17% of total income in Albania’s economy, underlining their role in driving growth and wages.
Speaking at a meeting with a construction business attended by Prime Minister Edi Rama, Ibrahimaj said the sector has been a key contributor over the past decade, with a broad impact across the wider economy.
She described construction as having a “multiplier effect”, with investments supporting continued economic expansion and contributing directly to higher wages.
According to Ibrahimaj, ongoing projects are expected to generate around 14 million euros in local tax revenues, alongside additional income from related economic activity.
She also cited the example of the host company, which currently employs about 200 people and works with 50 contractors, with plans to expand its workforce to around 1,000 within a year. Wages at the firm range from a minimum of 900 euros to an average of 1,700 euros, with top salaries reaching 3,600 euros, significantly above the national average.
Ibrahimaj said such projects, developed to high urban standards, serve as models for future investment, adding that improving worker welfare and raising wages remain central to government policy, while also boosting social security contributions.
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