Skip to comments.China's Huang Nubo seeks Iceland land for eco-resort
Posted on 08/30/2011 11:24:18 AM PDT by AfricanChristian
A Chinese business tycoon is hoping to buy a large area of north-east Iceland to build a luxury hotel and eco-resort.
Huang Nubo is reported to have offered a billion krona (£5.4m: $8.8m) for the 300sq km (155 sq mile) Grimsstadir a Fjollum region.
Critics of the plan fear it could be used by China to gain a strategic foothold in Iceland.
But Icelandic officials have welcomed the purchase and the further 20bn krona Mr Huang says he intends to invest.
Mr Huang is the chairman of the Zhongkun investment group, and is also reported to have worked as a minister in the Chinese Central Propaganda Department and Ministry of Construction.
(Excerpt) Read more at bbc.co.uk ...
99200 acre’s for 9 Mil. Shrug.
“Mr Huang is the chairman of the Zhongkun investment group, and is also reported to have worked as a minister in the Chinese Central Propaganda Department and Ministry of Construction.”
OBVIOUSLY, Mr. Huang has a DEEP interest in observing polar bears and other arctic wildlife.
Equally obviously, the Icelandic government is run by morons.
Or the Icelandic Government is really hard up for cash.
Expect more of these kinds of deals in the periphery of the EU. The Chinese have the money and the Europeans have the technology, physical assets and distressed companies.
...yeah, that's right...Iceland is so significant in global affairs, that a foothold or lack of in Iceland is going to make or break China / sarc.
china has 1,300,000,000 people to distribute across the earth.
add 1,000,000,000 moslems
and that’s the new world order.
We might even see them right here - in the U.S.
The scum who want to pollute the Ground Zero site and commemorate their Islamist “Victory” with a Mosque are applying for Tax Payer dollars to fund it. See Dick Morris’ website to sign the petition against this.
What part of Africa are you from? Egypt or Nigeria?
This is really a non-story. For the $8.8 million, he could have instead bought a house in one of the rich neighborhoods of San Francisco.