Opponents have questioned why such a large amount of land – equal to about 0.3 per cent of Iceland’s total area – is needed to build a hotel. They warned that the project could provide cover for China’s geopolitical interests in the Atlantic island nation and Nato member.
While home to just 320,000 people, 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.
Tuesday, August 30, 2011
TABLES ARE TURNING?
Perhaps. A Chinese tycoon is seeking to buy a big chunk of land in Iceland for tourism development (free registration required to access the link).