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Greenlandic billion-kroner project is a huge opportunity for companies

Greenland’s capital Nuuk is well underway with the planning of a five billion kroner urban development project that has the potential to create lots of jobs and growth opportunities for Danish companies.
Greenland has the potential and space for a far greater population, says Nuuk’s mayor Asii Chemnitz Narup.

Publiceret: 24.05.2017
Af Peter G. H. Madsen mail

In the next eight years, 2,500 new residences, 20,000 m2 of commercial property, three new schools, ten daycare centres, a one-kilometre long tunnel, an art museum and an indoor stadium will be built.  Such are the big plans for the development of Greenland’s capital city Nuuk. The total cost is approximately 5 billion kroner.

“There is a major need for a proper and new framework. Nuuk is growing and many new residents are arriving. Furthermore, Nuuk is a capital. The city therefore must be developed,” says Mayor Asii Chemnitz Narup of Inuit Ataqatigiit.

She hopes that development will not only make more Greenlanders abandon plans of travelling abroad but will also encourage some of the young Greenlanders who are studying abroad to return.

“Today, Greenland has a population of 56,000, but I cannot see why we couldn’t have 75,000. We are a big country,” she says.

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Great interest from Danish companies
The project has indeed awoken the interest of several Danish companies.

The Confederation of Danish Industry held a conference last Friday about companies’ possibilities for development of the world’s northernmost capital. Among the participants was construction and civil engineering company MT Højgaard, which sees huge potential in the urban development of Nuuk.

“It is an extremely exciting project that can create a whole lot of jobs,” says Joannes Nicclassen, CEO at MT Højgaard’s North Atlantic division.

In particular, he believes that MT Højgaard has competencies and possibilities in relation to the construction of residences and infrastructure.

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“But this is a really big project that requires the involvement of many parties,” says Joannes Niclassen.

At present, it has not been determined who will invest the 5 billion kroner in Nuuk’s development, but according to Nuuk’s mayor Asii Chemnitz Narup, dialogue with a potential investor is already taking place.

 

Nuuk is growing and many new residents are arriving. Furthermore, Nuuk is a capital. The city therefore must be developed.
MAYOR ASII CHEMNITZ NARUP, INUIT ATAQATIGIIT
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PUBLISHED: 5/24/2017 LAST MODIFIED: 5/24/2017