Huang Nubo Just Wants It To End

Published December 5, 2012

Chinese entrepreneur Huang Nubo no longer cares about the ultimate outcome of his proposed land deal in Iceland, and believes prejudice has hindered his plans for development.
As reported, the Icelandic government has rejected Huang’s application to lease Grímsstaðir á Fjöllum, comprising about 30,639 hectares in northeast Iceland, citing “insufficient information.” Huang expressed confusion at the response in a recent interview, saying that he was growing “angry and annoyed” by the situation.
Xinhua now reports that Huang just wants a conclusion to the situation, whichever way it goes.
“The final result is not important anymore,” he said in reference to his propsed luxury tourist resort for Iceland, and said that “he hopes to get a clear-cut answer from Icelandic regulators instead of following reports in local media.”
Huang also said he believes anti-Chinese prejudice is at play, saying, “I did not get the fair treatment that an invited foreign investor is entitled to there.” It should be noted that Icelandic law forbids any foreigner from outside the European Economic Area from owning land in Iceland.
Xinhua also said that, “Although Huang denied being part of any government scheme and insisted that he simply wanted to develop his tourism business, criticisms of the plan have taken on a geo-political flavor, fearing the resort could be used by China to gain a strategic foothold in Iceland. Huang attributed the prejudice to an anti-China ideology and rising trade protectionism.”
Huang said in his Bloomberg interview that he does not know what additional information the Icelandic government requires, and is waiting for them to specify.



News
Jewelry Store Thief Now In Custody

Jewelry Store Thief Now In Custody

by

The man responsible for a daring early-morning jewelry store robbery in the Fjörður shopping centre in Hafnarfjörður last month has

News
RIFF Reveals Film Line-Up

RIFF Reveals Film Line-Up

by

The Reykjavík Film Festival (RIFF) has released the line-up for the first 40 films of this year’s event. RIFF is

News
Poll: Overwhelming Majority Of Icelanders Want More Asylum Seekers

Poll: Overwhelming Majority Of Icelanders Want More Asylum Seekers

by

Nearly all Icelanders want more asylum seekers, but opinion is still divided over how many. Meanwhile, several small towns and

News
“Research Vessel” Possibly Hunting For Treasure Off Iceland’s Coast

“Research Vessel” Possibly Hunting For Treasure Off Iceland’s Coast

by

A foreign ship conducting unauthorised undersea investigations may have been looking for treasure, possibly within sunken ships and submarines from

News
Danish Jets Patrolling Iceland’s Airspace

Danish Jets Patrolling Iceland’s Airspace

by

The Royal Danish Air Force is currently conducting exercises and patrolling airspace in northeast Iceland as a part of the

News
Iceland Lets UN Know: We Are Ready For More Refugees

Iceland Lets UN Know: We Are Ready For More Refugees

by

The Minister of Welfare has taken the Icelandic people’s voice to the United Nations, letting them know the country is

Show Me More!