Huang Nubos Land Deal To Be Reviewed

Published July 30, 2012

Members of parliament are now coming together to review Chinese entrepreneur Huang Nubo’s land deal, and it already appears that the Leftist-Greens are in favour of nullifying it altogether.
As reported, Huang Nubo’s recently revealed in an interview that the terms of his deal allowed him to lease some 30,639 hectares in northeast Iceland for 40 years with the option to rent for another 40 years at the lease’s end. Furthermore, his plans include not just the building of a luxury hotel, but also some 100 villas “mostly for wealthy Chinese”.
Minister of the Interior Ögmundur Jónasson responded to the news by saying, “We’re not talking about some shop by Jökullsá river. If people can rent land for this length of time, it becomes more or less equivalent to land ownership.” He has called for the land deal to be reviewed, and wants to have it nullified.
RÚV now reports that the Leftist-Greens support the measure. As one of the two parties in the ruling coalition, the matter would appear to be close to an end. However, the other party in the coalition – the Social Democrats – have supported the land deal, and Huang Nubo is good friends with several prominent members of that party. Nonetheless, Social Democrat party chairperson Magnús Orri Schram told reporters that he believes an agreement between the two parties can be reached.
The review of the land deal will be formally introduced to parliament tomorrow.



News
17.8% Of People Living In Iceland Use Public Transport, And It’s Not Only Who You Think

17.8% Of People Living In Iceland Use Public Transport, And It’s Not Only Who You Think

by

Nearly 18% of people living in Iceland regularly used public transport in 2014 according to Statistics Iceland, the official data collection

News
Foreigners Still Needed For Tourism Jobs

Foreigners Still Needed For Tourism Jobs

by

Jobs in the tourist industry, especially in the countryside, are in dire need of workers, and foreigners may be more

News
Over 28,000 Sign Fishing Quota Petition

Over 28,000 Sign Fishing Quota Petition

by

Over 28,000 Icelanders so far have signed a petition calling on the president to put quota fishing legislation up for

News
Bottled Water More Expensive Than Petrol

Bottled Water More Expensive Than Petrol

by

Buying bottled water in Iceland is not only completely unnecessary; it might also be even more expensive than fuelling up

News
Cops Don’t Need More Guns

Cops Don’t Need More Guns

by

The former head of the capital area police’s sexual assault division argues that the police do not need more guns;

News
Pirate Party Surges To Top In Gallup Poll

Pirate Party Surges To Top In Gallup Poll

by

According to a new Gallup poll, the Pirate Party has the highest level of support of any party in parliament.

Show Me More!