Abu Dhabi Fund for Development approves $70 million grant for Albania housing project

DUBAI: The Abu Dhabi Fund for Development (ADFD) has approved a $70 million grant to fund the development of more than 2,000 residential housing units in Albania.

The urban reconstruction program in Durrës County, one of the country’s leading economic centers, is being undertaken after the area sustained major damage from recent earthquakes.

Durrës County is home to the nation’s second largest city as well as the Port of Durrës, one of the largest transportation, shipping and logistics hubs on the Adriatic Sea that links Albania to Western Europe.