Banner

- - -

JOBS

EXECUTIVE JOBS

INVEST IN STOCKHOLM NEWSLETTER

SWEDISH WIRE NEWSLETTER

EMBASSIES/
CONSULATES
IN SWEDEN

RSS FEEDS

STOCKS

FLIGHTS, HOTELS AND HOLIDAYS

- - -
Investment opportunities

Tips from an insider: Five innovative tech startups

Tips from an insider: Stockholm tech start-ups

5 hot life science firms in Stockholm

Stockholm's top five infrastructure projects

Four Stockholm-based ICT firms to watch

Stockholm pioneers life science research

ICT startups offer investment opportunity

Swedish companies ready for exit

Five med-tech investment opportunities

Six cleantech investment opportunities

- - -
Rankings and surveys

Sweden tops English-language skills ranking

Sweden ranked world's best country to grow old

Swedish passport world's best for travellers

Sweden second best country for mothers

Stockholm climbs in competitiveness rankings

Sweden among best countries to be born

Fortune: 'Stockholm top place for startups'

Sweden tops first global Web Index

Sweden world's second most innovative country

Stockholm world's 6th 'best city'

'Cool Stockholm' most competitive Nordic capital

Sweden has (second) best reputation in the world

Sweden among top in Internet download speed

Sweden scores highest in 'Rule of law index'

Stockholm world's No1 in intellectual capital

Sweden the world's most ICT-competitive country

Sweden great place for moms – but Norway better

Swedes place 4th in English skills ranking

Sweden among top ICT countries

Sweden’s 10 greenest brands

‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

Sweden tops government ranking - while US lags 

'Swedish model' outranks 'American dream'  

Sweden among world's least corrupt nations

FIND EXCLUSIVE JOBS FROM €60,000

Banner

China tycoon to buy part of Iceland to build eco-tourism complex

Chinese to be taught in all Swedish schools
Björk karaoke marathon boosts anti-takeover 

BEIJING, August 30, 2011 (AFP) - A Chinese tycoon is trying to buy a huge tract of land in Iceland for a $100 million eco-tourism project that will include a golf course, the Financial Times said Tuesday.

Huang Nubo, a real estate investor and former government official, has sealed a provisional deal to acquire 300 square kilometres (about 200 square miles) of Icelandic territory, the newspaper said.

Iceland occupies a strategically important location between Europe and North America and has been touted as a potential hub for Asian cargo should climate change open Arctic waters to shipping.

Forbes ranked Huang as China’s 161st richest man in 2010, with a net worth of $890 million. His company, Zhongkun Group, owns resorts and tourist facilities across China and around the world.

A spokeswoman for Zhongkun Group in Beijing refused to comment on the reported deal when contacted by AFP, but said Huang would hold a press conference in the capital on Friday.

The Financial Times said Huang had previously worked at China’s Central Propaganda Department and the Ministry of Construction.

The Iceland Review Online reported last week that Huang signed a deal with land owners including the Icelandic government last Wednesday, and that the deal was dependent on approval by both China and Iceland.

Iceland's booming economy collapsed in 2008 when its hugely overstretched banking sector plunged suddenly into crisis and its three major banks collapsed within a matter of weeks.

Since then, the country has gone through much soul-searching and a string of painful changes to put its house in order, helped by an International Monetary Fund rescue.

On Friday last week, the IMF approved the final release of funds in its $2.25 billion bailout programme for Iceland.

Last Updated (Tuesday, 30 August 2011 16:50)

 

Comments 

 
#1 2011-09-02 02:41
Ohh my god ! This my relatives is gonna regreat :-( How on earth can one sell out this precious country...

I´m shocked.

Andreas

VD

http://www.proinvestor.se/oversikt
Quote
 

Latest Jobs for English speakers in Sweden

Banner

Jobs for English speakers in Sweden

Banner
Banner
Most Read Searched  
Banner
Banner
Banner