Albania: Blue Economy boosts employment and financial income

Albania: Blue Economy boosts employment and financial income

Traditional maritime industries such as tourism, fisheries, maritime transport, but also emerging activities such as aquaculture, underwater tourism, and more represent water resources that can be developed as part of a national strategy called “Blue Economy”.

The World Bank, in cooperation with the Government of Albania and its institutions, has been working for over a year (September 2019 – September 2020) to identify opportunities and possibilities offered by the blue economy and development alternatives.

“Priorities in coastal and marine tourism, as well as fisheries and aquaculture, can be designed to achieve ecological and important business objectives, while addressing parallelly societal needs without compromising opportunities for future generations to benefit from services and perks from the sea and the coast,” the World Bank notes in its report.

The blue economy plays an important role in the country’s economic development, improving living conditions and job creation, while maintaining the nature and management of marine pollution and trade between various sectors such as fisheries, aquaculture, transport, tourism.

The blue economy is a concept that refers to the development of maritime economic activities in an integrated and sustainable way and that keeps the sea healthy.

Albania is a country rich in water resources. It is bathed by two seas and in recent years, in addition to tourism, fisheries are also developing, which is considered the most profitable blue economy. /ibna