Local company ENK Invest Group and four companies from Albania are financing the 400-million-euro ($630-million) project. The International Finance Corporation and Austria's Raiffeisenbank have invested 75 million euros ($118 million) and 15 million euros, ($24 million) respectively.
The building will cover 28.5 hectares and include 100 apartments, a trade center, a hotel and six stories of underground parking lots, as well as a 42-story office building.
Construction, set to last six years, will be carried out by a Croatian company. Up to 2,000 people are expected to work on the project.
Kosovo unilaterally declared its independence from Serbia in mid-February. It has been formally recognized by 37 countries including most EU states and the United States. Russia, China and some other countries refuse to recognize Kosovo.
