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Jared Kushner’s Affinity Partners has officially abandoned its ambitious redevelopment plan for the former Yugoslav Ministry of Defense headquarters in central Belgrade, a project valued at approximately 750 million euros. The decision, announced on December 15, 2025, came amid escalating controversy, but it represents a significant setback for Serbia’s economic growth and urban development. This was precisely the kind of large-scale foreign direct investment that Belgrade desperately needed. The initiative promised to inject hundreds of millions into the local economy through construction, create thousands of jobs in building, hospitality, and related sectors, and generate ongoing tax revenues.
Read Full Article: https://thebalkan.press/2025/12/19/kushners-withdrawal-from-belgrade-mega-project-a-major-lost-opportunity-for-serbias-capital/
