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Arctic Business Opportunities in Canada

Canada has escalated the development of the country's Arctic territories. Large and small infrastructure investments and specifically mining investments are currently taking place or being planned for. Danish companies with export experience to, for example, Greenland and the northern parts of Sweden, as well as Norway and Russia should take a closer look at Canada.

 arctic

Canada is a country rich in natural resources, but the residual life of the existing fields and mines are getting shorter and shorter. Canadians are aware of the challenge, and one of the strategies is to explore and develop the northern and Arctic regions of the country's vast land mass, which is the world's second largest.

As an example, the province of Quebec announced that they will invest $ 80 billion (456 billion DKK) in the province's Arctic area over the next 20-25 years. The focus is on infrastructure and industrial development. Specific areas of business development include energy, mining, forestry, hunting, tourism and food.

Quebec is not the only Canadian province focusing on the Arctic. Other provinces do the same and most recently the federal government has announced that the military presence in the Arctic must be strengthened with a series of new northern military camps and bases. Furthermore the government wants to annually conduct major military exercises in the Arctic.

The largest Arctic industry is undoubtedly the mining industry. Canada is the world's largest mining nation. 980 mines are established in the country, many of them in the Arctic. It is important to note that Canada currently is the country in the world where the largest mining exploration and major mining investments are made. It is expected that about $ 140 billion are to be invested in the mining sector over the next 5 years – that is equivalent to 750 billion Danish kroner!

One of the major challenges for the Canadian operations in the Arctic is a shortage of qualified manpower and the need for innovative and sustainable solutions. Many Danish companies have strong qualifications in the Arctic region and have with tailored products suited for Arctic climate (and the rest of the winter cold Canada). Danish companies with solutions from Camp Supply, logistics (inventory management, coding, tracking, IT systems etc.), energy supply, wastewater management and other entrepreneurial construction projects, etc. should therefore as a very minimum consider exploring the options in the Canadian market.

 

Eksportrådet

Contact us:

Trade Council of Denmark

2 Bloor Street West

Suite 2120

Toronto, Ontario

M4W 3E2

Tel. (416) 962-5661

Fax: (416) 962-3668

E-mail: yyzhkt@um.dk

Would you like to know more?

Please contact:  

 

Jakob Erik Schmidt
Senior Trade Advisor
001 (416) 640 1662
jakosc@um.dk