Task Force to Discuss Affairs of Chinese Investor Skip to content

Task Force to Discuss Affairs of Chinese Investor

The Government of Iceland decided at its meeting yesterday to appoint a task force comprised of ministers and employees of different ministries to discuss the planned lease of the piece of land Grímsstaðir á Fjöllum to Chinese investor Huang Nubo and developments in tourism in Northeast Iceland.


The government offices. Photo by Páll Stefánsson.

Minister of Industry and Economic Affairs Steingrímur J. Sigfússon said it is better to calmly discuss these issues than to “shout” about them in the media, visir.is reports.

Minister of the Interior Ögmundur Jónasson commented that all measures that have been taken on this matter so far can be revoked and that there are many aspects that raise controversy.

The task force is to determine the government’s ultimate policy on Huang’s plans. “We will review the matter jointly and substantially discuss what is known. Then we will dig deeper for information and make a joint decision,” Ögmundur said.

A statement was posted on the website of the Ministry of Industry yesterday, saying many questions remain unanswered regarding Huang’s investments, including electricity distribution, snowplowing, schools and healthcare services.

“There are various items connected with the infrastructure which must be in place if such development is undertaken in a place like this,” Steingrímur explained, referring to Huang’s plans to construct a luxury hotel in a remote area.

“There are financial and environmental angles that must be reviewed,” the minister added, declaring the issue to be sensitive.

“Some want to connect it with politics, the politics of a superpower and emotions. I believe it is best for everyone to discuss it and look into it level-headedly and not make any rash decisions,” Steingrímur concluded.

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