No Chinese resort in Svalbard, Norway after all

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The archipelago of Svalbard. (Thomas Nilsen/The Independent Barents Observer)
The archipelago of Svalbard. (Thomas Nilsen/The Independent Barents Observer)
The Norwegian government buys a 218 square km privately-own plot and puts a stop to a possible foreign acquisition in the archipelago.

In 2014, Chinese billionaire and property tycoon Huang Nubo said he would bid for the property located near Longyearbyen in Svalbard, and that he planned to build a resort for Chinese tourists on site.

Nubo wanted to give Chinese visitors the possibility to experience «Arctic silence and clear air.»

Final stop

A final stop to those plans came this week as the Norwegian Minister of Trade and Industry Monica Mæland announced that her government is cashing out 300 million Norwegian kroner (€33.5 million) for the area. 

«We are very happy that this case now seems to come in order», Mæland says in a press release.

«It is very natural and right that the state takes over the property», she said as negotiations between the land owners and the Norwegian government started in 2014. «With state ownership and Norwegian legislation we provide the best possible management of Svalbard to the benefit of the public».

Chinese interest in the Arctic

Norway has a key strategic interest in securing its full control over developments in the Arctic archipelago. 

The bid by Mr. Nubo and the Chinese interests was seen by many as connected with international high politics and as an attempt to get a Chinese foothold in the Arctic.

The Chinese businessman is still not leaving Norway empty-handed. In 2014, he bough a 1 square kilometer piece of land in Lyngen, an area located near the Norwegian Arctic city of Tromsø.

Related stories from around the North:

Canada:  New national park planned in Canada’s High Arctic, Eye on the Arctic

Finland:  Arctic parks among most visited in Finland, Yle News

Iceland:  10% of Iceland’s workforce employed in tourism, The Independent Barents Observer

Norway:  Russia boosts tourism on Svalbard, Norway, Barents Observer

Russia:  A role for India in Russian Arctic, The Independent Barents Observer

United States:  Alaska cultural tourism comes with challenges, Alaska Dispatch News

 

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Atle Staalesen, The Independent Barents Observer

Atle Staalesen, The Independent Barents Observer

For more news from the Barents region visit The Independent Barents Observer.

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