TIRANA, June 2 – Prime Minister Edi Rama said the Albanian Investment Corporation generated more than €523 million in direct benefit for the state. He added that total contracted economic value exceeded €1 billion. He made the statement during the presentation of finalist project ideas for the requalification of the Palace of Congresses in Tirana. He also referred to the corporation’s international competition programme and its results.

Earlier, Rama said the process reached 15 completed international competitions. He said 3 more are under preparation. He noted that procedures follow high international standards in participation, jury composition and selection methods. In addition, Rama said 12 contracts are signed and 7 remain in process. He added that 3 masterplans and 20 public assets are under development.

Meanwhile, he said the corporation activates underused or degraded state properties. As a result, he said the model delivers financial returns and expands public space and institutional infrastructure. Rama said quantified benefits from signed contracts stand at €523 million. He added that total contracted economic value exceeded €1 billion. At the same time, he reported 46,700 m² of land in allocation so far. He said 267,000 m² serve public institutions and state needs. In addition, he said 355,000 m² go to private partners. Rama described the model as a structured partnership where state assets support development objectives.

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