The Serbian government approved a contract with Jared Kushner for a $500 million luxury hotel project in Belgrade, partnering with Richard Grenell, a former Trump administration aide who proposed the redevelopment while serving as a diplomat in the Balkans.
The deal involves an affiliate of Kushner's Affinity Partners, backed by Saudi Arabia's sovereign wealth fund, to revitalize the bombed-out former Yugoslav Ministry of Defense, triggering protests in Belgrade but supported by the Serbian government as a significant partnership.
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