On the island of Spitsbergen, it is proposed to buy the last remaining privately owned plot of land, which “has important environmental, scientific and economic significance,” Liter.kz reports.
According to information Euronewsthey are asking 300 million euros for the land.
The opportunity to purchase land on one of the world-famous Svalbard islands is a once-in-a-lifetime opportunity, Will Matthews, head of farming at consultancy Knight Frank, told Euronews Business.
Strategic location Geopolitical competition in the region between the United States, Russia and China is palpable, and Moscow has recently been conducting military operations there more often.
The volume of commercial transport through the Arctic is also increasing. Melting sea ice caused by climate change is paving the way for new discoveries of oil, gas and minerals.
Spitsbergen is of exceptional strategic importance because it is “essentially the gateway to the Arctic.” One of the northernmost populated areas in the world Svalbard, located between the Norwegian mainland and the North Pole, is one of the northernmost populated areas in the world. Almost 3,000 people live on the nine main islands of the archipelago, which even has its own university. The famous World Seed Vault is also located here. And while previously the territory depended mainly on the coal industry, today scientific research and tourism have become important industries.
The site for sale is called Søre Fagerfjord. It is located on the land of Wedel-Jarlsberg in Western Spitsbergen. Its area is about 60 sq. km, which is almost ten times larger than Gibraltar. When a similar situation arose in 2014 and a Chinese buyer became interested in a private property, Oslo acquired it.
About 60% of the archipelago’s territory is covered by glaciers. There are many mountains and fjords there. The archipelago has an arctic climate, although temperatures here are significantly higher than in other areas at the same latitude.
Svalbard is a nesting site for many seabirds and is home to polar bears, reindeer, arctic foxes and marine mammals. From April 20 to August 22, the sun shines on the archipelago 24 hours a day. Two-thirds of the territory is occupied by seven national parks and 23 nature reserves.
This is an excellent investment for a wealthy individual with a sincere interest in preserving this diverse landscape for the future, says Knight Frank.
Temperatures in the Arctic continue to rise three times faster than in other regions. The site is being sold because climate change is causing less sea ice and more rain on Svalbard.
Who can buy land? The land will be sold to the highest bidder. The only restriction: the buyer must be from a country that has ratified the Spitsbergen Treaty.
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2024-05-12 22:24:34