Search

Saved articles

You have not yet added any article to your bookmarks!

Newsletter image

Subscribe to the Newsletter

Join 10k+ people to get notified about new posts, news and tips.

Do not worry we don't spam!

Jared Kushner's $500 Million Project Moves Forward in Serbia

Jared Kushner's $500 Million Project Moves Forward in Serbia

Post by : Badri Ariffin

The skyline of Belgrade is on the cusp of a significant change as the Serbian parliament has approved a luxury development led by Jared Kushner, son-in-law of US President Donald Trump. This ambitious $500 million project seeks to transform the former Yugoslav Army headquarters into a premium hotel and residential complex, sparking protests and legal challenges.

The site, which suffered extensive damage during NATO's 1999 bombing campaign, embodies a complex mix of historical significance and sentiments against foreign military interventions for many Serbians. In a controversial move, the Serbian government stripped the site of its protected status last year, agreeing to a 99-year lease with Kushner's Affinity Partners.

President Aleksandar Vucic, known for his support of strong US relations, advocates for the project, claiming it will help “move past the 1999 burden” and solidify ties with Washington. The special parliamentary vote, spearheaded by Vucic's political faction, has advanced the development despite substantial public disapproval.

Opposition figures, including Aleksandar Jovanovic, have labeled the initiative as unconstitutional, fearing that the landmark could be replaced with “gambling facilities and luxury amenities.” Centre-left MP Marinika Tepic has condemned the government's decision to prioritize foreign relations over national historical values.

Professionals in architecture and anti-corruption organizations, like Transparency Serbia, are expressing their concerns regarding the prospective erosion of Serbian cultural heritage and the lack of transparency in government-backed projects.

This development arrives as Serbia navigates its intricate global relationships, particularly in light of US sanctions affecting Russian holdings within the nation. While some perceive the project as a modernization effort for Belgrade, critics argue it risks vanishing a vital chapter of Serbian history.

Nov. 8, 2025 1:06 p.m. 1006

#Global News #Business News

Cockroach Janta Party Leads Protests Over India Voter Roll Changes
Oct. 3, 2026 11:09 a.m.
Cockroach Janta Party protests voter roll changes in India as demonstrators demand action over alleged voter deletions and police detentions
Read More
Flydubai Attack Suspect Was Previously Barred From Flying in Oman
Oct. 3, 2026 10:39 a.m.
Flydubai co-pilot accused of attacking the captain was reportedly barred from flying in Oman over concerns about extremist views
Read More
Trump Rules Out US Diesel Export Ban After Europe Agrees to Release Reserves
Oct. 3, 2026 10:20 a.m.
President Donald Trump rules out a US diesel export ban after Europe agrees to release fuel reserves as G7 nations act to ease energy market pressure
Read More
Singapore Air Quality Turns Unhealthy in Central Region as Haze Persists
Oct. 3, 2026 10:07 a.m.
Singapore haze worsens as PSI reaches 104 in the central region, while PM2.5 remains elevated in central and eastern areas amid dry weather
Read More
PM Modi Pays Tribute to Mahatma Gandhi, Urges People to Support Khadi
Oct. 2, 2026 11:41 a.m.
PM Modi pays tribute to Mahatma Gandhi on Gandhi Jayanti and urges citizens to support Khadi and the Swadeshi spirit
Read More
Warrant Issued for One of Eight Accused in Palestinian Kidnapping Case
Oct. 2, 2026 11:11 a.m.
Court issues an arrest warrant after one accused in the Palestinian kidnapping case could not be located despite efforts by authorities
Read More
Japan Says Economy No Longer Needs Excessively Loose Monetary Policy
Oct. 2, 2026 10:37 a.m.
Japan says it no longer needs excessively loose monetary policy as inflation pressures persist and the BOJ weighs its next rate move
Read More
Amazon Seeks to Offload $8 Billion in Nvidia Chips to Investors
Oct. 2, 2026 10:24 a.m.
Amazon plans to move $8 billion in Nvidia chips to investors, using a new financing model to strengthen its balance sheet and support AI growth
Read More
MCMC Warns of Legal Action Over AI Video Showing Mahathir Grieving Hasmah
Oct. 2, 2026 10:05 a.m.
MCMC reviews an AI video of Mahathir grieving Hasmah and warns that legal action may follow if the content violates Malaysia’s laws
Read More
Trending News