Greenland's official points out US investment opportunities amid geopolitical tensions

Greenland’s Business Minister Naaja Nathanielsen outlined her vision for the island's future, emphasizing sustainable economic growth while navigating the geopolitical complexities of global power dynamics, particularly with the United States and China.

Amid the ongoing debate over US interest in Greenland, particularly regarding President Donald Trump’s previous attempt to purchase the island, Nathanielsen shared the government’s focus on diversifying the economy in a manner that benefits both the local population and future generations, Caliber.Az reports citing foreign media.

She emphasized that Greenland aims to maintain a sustainable balance, with goals such as managing a few active mines, expanding shipping activities, boosting fishing revenues, and developing tourism—while avoiding mass tourism.

“Our ambitions are three to five active mines at any given time, some more shipping, expanding revenue from the fishing sector and developing tourism, while avoiding mass tourism. This would benefit other sectors as well, such as construction, and grow our economy, while enabling the population to develop alongside it and make the immigration steady and manageable,” Nathanielsen stated.

While Greenland works to diversify its economy, the minister noted that there are ample opportunities for American investments, particularly in sectors where the island is still in the early stages of development. Greenland’s economy largely relies on its fishing and mineral sectors, with a growing tech presence making these industries even more attractive to potential investors.

She also pointed to Greenland's emerging energy sector as a promising area for US technological investments. "We have great potential in energy, infrastructure, and possibly even defence," she said, adding that these areas offer considerable opportunities for collaboration with US businesses.

In terms of foreign policy, Greenland's government continues to prioritize partnerships with allies such as the European Union, Canada, and the United States. Nathanielsen emphasized that Greenland’s foreign policy strategy underscores the importance of strengthening existing relationships with Western nations.

By Vafa Guliyeva