The agreement, part of the “Digital Horizons” initiative, was concluded during the MatchMaker Albania event, a platform designed to foster international partnerships and business-to-business (B2B) engagement between Albanian companies and global partners.

Officials said the initiative is already yielding tangible results, with several agreements being formalized to support the country’s economic development.

A key role in the process is being played by the Albanian Investment Development Agency, which facilitates connections between local businesses and international investors, helping identify new opportunities and strengthen the investment ecosystem within TEDA Tirana.

The partnership is expected to attract foreign companies to establish operations in the zone, creating a favorable environment for innovation, technology and sustainable economic growth.

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At the signing ceremony of the agreement between “TEDA Tirana”, the Free Economic Zone of the Municipality of Tirana, and the Israeli company “H.A.P.I Advanced Technologies LTD”, which will make a significant investment in digital technology, Gonxhja pointed at the fact that the right-wing government in 2009 also attempted to establish economic zones, but they failed.

“TEDA Tirana is not the first ambitious project for a free economic zone. The previous government “inaugurated” not one, not two, but nine free economic zones or industrial parks on paper, while in reality the result: zero employees, zero income, zero development, zero infrastructure, zero investments in those 9 zones”, stated the minister during the ceremony where Prime Minister Edi Rama was also present.

According to him, the bankruptcy of that model based on electoral votes and the uncritical use of territory and resources was the offspring of pathetic amateurism and delirious optimism, in a shameless Albania, where ignorance was rampant throughout the militant government.

According to the minister, TEDA Tirana is not the only one. Gonxhja added that it will be complementary to another technological and innovative park that is also on the path to materialization, “Durana Tech Park” in Xhafzotaj.

Gonxhja added that the government aims to turn Albania into a country with modern infrastructure, a single-digit unemployment rate, consolidated production, a labor market strengthened by innovative curricula and professional training, as well as a country where no one is left behind, with high incomes for all, close to the European average, with consolidated contributions to social security and decent pensions. /j.p/p.s./

TEDA is expected to revolutionize industries, create 5000 to around 7000 high-paying jobs, and attract international investments.

The Minister of Economy, Culture and Innovation, Blendi Gonxhja, said in a post on the social media that TEDA Tirana is designed to create a significant number of new jobs in the Albanian capital.

Minister Gonxhja pointed out a series of fiscal incentives for business and new investment projects on priority sectors of the country’s economy.

“Developers and investors will benefit from Albania’s competitive, educated, and multilingual workforce,” Gonxha said.

The Technological and Economic Development Area (TEDA) is a game changer for the Albanian economy and it offers a huge potential for further development and attraction of foreign investors.

TEDA Kashar is a green-field project that presents an opportunity for customized facilities tailored to the needs of specific corporate investments. Located 3 km away from Tirana, 30 km from Durres, and 12 km from Mother Teresa Airport, the selected area is ideal for foreign businesses looking to gain from the benefits of Albania’s dynamic workforce and close proximity to the markets of the European Union.

TEDA is expected to attract complex manufacturing sectors like automobile, ICT, and electronic equipment industries.

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The Mayor of Tirana Erion Veliaj inspected the work on construction of the new road to the technological area and said that a marketing campaign will follow in a bid to attract a large number of businesses once the lighting and entire civil infrastructure is in place.

Mayor Veliaj noted that “TEDA Tirana will take the city’s local government to a whole new level, with the municipality no longer constructing schools and kindergartens only, but also thinking about the projects of the future.”

“As soon as the lighting, water and wastewater systems complete, we are ready to embark on a broad marketing campaign to promote the economic zone and attract as many businesses as possible. Located between Tirana’s Kashar and Vaqarr neighbourhood, this is Albania’s largest economic and industrial area under management of a public entity like the Municipality of Tirana and the project will take local governance to a whole new dimension,” Veliaj said.

Veliaj noted that TEDA is expected to attract complex manufacturing sectors like automobile, ICT, and electronic equipment industries. Mayor Veliaj underlined that the technological and economic development area will create more than 5000 high-paying jobs for local residents and many others.

TEDA is a game changer for the Albanian economy and it offers a huge potential for further development and attraction of foreign investors.

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Mayor Veliaj said that Tirana Municipality will priorities development economic and employment projects in the next three years.

“With the remarkable growth of Tirana airport, the access to the port of Durres and the skilled labor force in Tirana, we anticipate that the technological and economic development area will create 5000 to 7000 new jobs. We are going through a stage, where many of the decisions bring about good energies to the economy. With the main projects already complete, Tirana Municipality will focus on economy and investment projects that create high-paying jobs in the next three years,” Veliaj said in his remarks.

Mayor Veliaj underlined that TEDA is a project already underway and second stage of the investment project is set to kick off soon.

The Technological and Economic Development Area (TEDA) is a game changer for the Albanian economy and it offers a huge potential for further development and attraction of foreign investors.

TEDA Kashar is a greenfield project that presents an opportunity for customized facilities tailored to the needs of specific corporate investments. Located 3 km away from Tirana, 30 km from Durres, and 12 km from Mother Teresa Airport, the selected area is ideal for foreign businesses looking to gain from the benefits of Albania’s dynamic workforce and close proximity to the markets of the European Union.

TEDA is expected to attract complex manufacturing sectors like automobile, ICT, and electronic equipment industries.

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Mayor Erion Veliaj underlined that Tirana is the first municipality to create a free economic zone, setting the model for many other municipalities to follow.

Veliaj assured that TEDA will generate about 7 thousand new jobs related to new technologies. “Today, we compete with Skopje, Northern Greece, Southern Serbia and Montenegro. In this sense, we will have to show why Tirana is the best and why Tirana is the place where we should invest”, emphasized Veliaj.

On his part, Minister of Economy, Culture and Innovation Blendi Gonxhja underlined that this area represents a strategic initiative, which should serve as a catalyst for innovation, investments and sustainable development.

Through TEDA Tirana, the government and the municipality of Tirana have created a station, where an international company only needs to present itself to the implementing body, to become part of it./r.e/p.s./

The project aims to attract a broad range of industries, including automobile manufacturing, information and communication technology, electronic equipment, pharmaceuticals, and agro-processing, and tourism.

According to the decision published on the Official Gazette, the Technological and Economic Development Area (TEDA) is a game changer for the Albanian economy and it offers a huge potential for further development and attraction of foreign investors.

TEDA Kashar is a greenfield project that presents an opportunity for customized facilities tailored to the needs of specific corporate investments. Located 3 km away from Tirana, 30 km from Durres, and 12 km from Mother Teresa Airport, the selected area is ideal for foreign businesses looking to gain from the benefits of Albania’s dynamic workforce and close proximity to the markets of the European Union.

According to the developer’s bid, the investment and reinvestment value of the project is estimated at 1,287,393, 435 lek, without the Value Added Tax included.

The implementation of TEDA Kashar’s public infrastructure, and its subsequent monitoring, is a significant step towards establishing this economic zone and promoting industry diversification in Albania, attracting complex manufacturing sectors like automobile, ICT, and electronic equipment industries. Additionally, the potential establishment of data centers has already attracted significant international interest, with many companies from Israel expressing interest in relocating to Albania.

The government has announced various benefits such as on-site customs administration and incentives, including deductions on capital expenses and training costs, exemptions from profit tax rates and infrastructure taxes, and VAT exemptions on goods entering the area.

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Through TEDA Tirana, the municipality of Tirana aims to absorb foreign direct investments, expanding the range of industries operating in the Albanian market, with a focus on manufacturing industries such as the automotive sector, information technology, electronics, biotechnology, tech-logistics, etc.

Mayor Veliaj expressed his ambition that this area will be transformed as soon as possible into the largest space, where all international businesses, which want to invest in Tirana, will gather mainly in the field of information technology, the production of parts for vehicles and tourism.

The mayor added that the goal of the municipality of Tirana is to turn this area from a wasteland into a land that produces economy and turns into a success story for the government and the municipality.

For his part, Minister Gonxhja thanked the Municipality of Tirana for the cooperation and for the initiative to be the first to implement innovations.

The “TEDA” project is the result of cooperation between the government and the municipality which will generate 5 to 7 thousand well-paid jobs, a very important contribution to the economy./k.s/p.s./