As part of its National Strategy for 2024-2030, Albania has outlined seven key areas for development, with renewable energy, sustainable tourism, and the improvement of the food supply chain being among the top priorities. These initiatives aim to transform the country into a hub for innovation and sustainable growth, aligning with European Union standards and integration goals.
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Strategic Objectives and Challenges
The "S3 Strategy" has been designed to address critical challenges in Albania’s economy, including:
- Lack of economic diversification
- Low investment in research and development
- Workforce migration and brain drain
- Poor coordination between sectors
The strategy sets ambitious goals, such as increasing investment in a healthy and sustainable food supply chain, boosting research and innovation, and developing sustainable tourism. A special focus will also be given to engaging the diaspora and empowering young people.
Key Areas of Focus
Renewable Energy
Albania aims to become a regional leader in renewable energy production. By increasing the generation of clean energy and utilizing local raw materials, the country seeks to create a sustainable energy sector that supports economic growth.Sustainable Tourism
The government plans to establish Albania as a premier destination for sustainable tourism by leveraging its cultural heritage, promoting health tourism, and expanding into agritourism and ecotourism.Transforming Agriculture and Food Systems
The agricultural sector will be modernized to produce healthier, organic food. The use of innovative technologies will ensure safe food processing and create a more resilient and sustainable food supply chain.
Investments and Implementation
The total cost of implementing the S3 Strategy is estimated at €1.18 billion. Funding will be sourced from:
- €424 million from the state budget
- €266 million from EU funds
- €143 million from other international donors
By 2030, the government expects to achieve economic competitiveness, create new jobs, increase foreign investment, and realize digital transformation across sectors.
A Platform for European Integration
These programs play a pivotal role in Albania’s path to EU integration by embedding European practices in innovation, research, and digital transformation.
The government’s focus on renewable energy, sustainable tourism, and food system improvements not only supports the country’s economic development but also ensures alignment with global sustainability goals, setting the stage for a prosperous future by 2030.