A 47-story skyscraper is to be built opposite the uS embassy, on the site of the former french Embassy. the Permit for its construction was approved on january 28, And the construction company that will undertake the project is hanxhari group. The Company Is owned by adjon Hanxhari, Son of developer fatmir Hanxhari, Who is known as the owner of the vlora Internacional Hotel.

The photo shows a digital rendering of the building, which will have a rectangular shape and a Glass facade. the design was Presented By edi rama through A 30-minute video on his personal facebook Account, where he presented the development of the city and his vision for Tirana in 2030.

From the image, it is clear that the height of the Embassy Tower will far exceed the surrounding buildings, making the skyscraper Ambasador 3 (23 floors and 82 meters) look small in front of it. The new tower is expected to be at least twice as tall.

Hanxhari Group was founded in October 2018. In 2024, it recorded a total turnover of 2.35 million euros and a net profit of 110,000 euros. According to the official financial report, the value of its assets amounts to 11.9 million euros, of which 11.7 million are liabilities, while the company's actual capital is only 230,000 euros.

A question that arises is whether a company with such financial indicators can implement such a large project, given that the construction of the skyscraper is expected to cost over 100 million euros.

As banks become more cautious about financing such projects, many developers are relying on pre-sales of apartments. However, there are cases where the funds come from unclear sources, while in other cases other people may be hiding behind the developers who obtain the permits.

In any case, the Embassy Tower is the next tall building to be added to the center of Tirana.