New tourism strategy in Albania set to bring in the big bucks
A national strategy coordinating tourism activities for the next 10 years is currently being drawn up by Albanian tourism officials looking to capitalise on the nation’s steady economic growth and growing popularity as a must visit destination.
Aldo Bumci, Minister of Tourism in Albania revealed that the plan will aim to ensure the sustainable long-term development of tourism in the country, covering strategies for the development of mountain tourism and improving services for example.
Ravin Maharajah, Partner of Lalzit Bay Resort & Spa, the 5* luxury residential development located on Albania’s hotly tipped Adriatic coastline comments,
“Tourism is playing a vital role for the Albanian economy. Accounting for around 11% of the nation´s GDP, tourism brought in 1.2 billion euros in profit in 2011 and with tourist numbers rising to more tha million last year it is important that Albania produces a long term plan to capitalise off the back of its growing popularity.
“Indeed what is encouraging for business investors, holiday makers and property buyers alike is the fact that despite the economic downturn seen across the Eurozone, Albania’s economy is still performing at a steady rate. In fact, it was recently revealed by Finance Minister Ridvan Bode that the influx of foreign direct investments has substantially increased from around 250m euros in 2006 to around 850m euros in 2011 which certainly inspires confidence in the nation.”
Meanwhile, further aiding the nation’s infrastructure, Albania will be constructing a 22 kilometre two-lane motorway on a new alignment around the town of Fier, situated near the coast in central Albania. Aiming to improve travel times and safety, the motorway will not only connect Albania to its neighbour Greece but will employ an estimated 1,550 workers per year across its three year period.
Maharajah explains,
“Over the last few years, the Albanian government has increased spending on infrastructure investment and is fast developing an efficient road network throughout the Balkan nation. It’s investments like these that will continue to help increase visitor numbers.
“Albania has new roads, a new airport, stunning coastline and superb weather similar to Greece and it won’t be long until we see more and more people visit and purchase holiday properties in this beautiful country.”
For those thinking about tapping into Albania´s property market, Lalzit Bay Resort and Spa offers a premium, exclusive beachfront product to investors who want the benefits of villa ownership including private gardens and terraces, exclusive services and more privacy as well as a range of facilities including private swimming pools, a BBQ area, tennis courts and superb restaurants for as little as €30,000.
For more information on owning a stunning apartment or villa in one of the best performing growth markets in South Eastern Europe, please contact Lalzit Bay on +44 845 125 8600 or visit www.lalzitbay.com.