Arctic advisory
The Arctic is fast becoming an area of global interest as investors, organizations and governments are looking to the North for business opportunities. The renewed interest in the Arctic must go hand in hand with a sustainable economic development approach, which favours solutions that acknowledge the environmental impacts of increased economic activity and safeguards the fragile ecosystems of the Arctic regions.
One of the most significant challenges in the Canadian Arctic is lack of adequate and sufficient infrastructure. Infrastructure needs include telecommunications, housing, community living projects, access to natural resources and access to remote communities for goods and services.
Danish, Greenlandic and Faroese companies are well-positioned, both geographically and competency-wise, to accommodate some of the many current and future projects in the Arctic and Northern regions of Canada. The Canadian North often look to their closest neighbour (Greenland) for inspiration on Arctic business solutions. Greenlandic, Faroese and Danish companies with expertise, competencies and experience working in the Arctic are therefore highly competitive on the Canadian Arctic market.
Investments in large infrastructure projects from the Canadian government as well as private-public entities will drive future demand for business solutions in the Arctic and the market potential is huge. The Canadian Arctic represents 40% of Canada’s total landmass. Canada is the forth biggest market for natural resources in the world and a leading global producer of many critical minerals including those used in advanced battery technologies, such as cobalt, graphite and nickel. The minerals sector alone contributed to 4% of total GDP in 2021. Coupled with a great need for sustainable business solutions that favour new and innovative technologies, The Trade Council is well-positioned to support and assist companies from the Kingdom of Denmark looking to enter the Canadian Arctic market.
Neighbours in the North
The Kingdom of Denmark and Canada have a longstanding history of collaboration in the Arctic and there are deep historical ties between the peoples of Nunavut and Greenland. With “Neighbors in the North”, we want to celebrate our shared history, culture, and values. We want to highlight the rich diversity of the peoples that transcend borders and generations. We want to raise awareness of the common challenges we face due to climate change and how working together best positions us to find sustainable solutions for the world and for the wellbeing of the millions of people living in the North. Finally, we want to inspire future generations to continue building bridges across the Arctic through education, exchange, and engagement.
SERVICES What we can help you with
contact interested in learning more?
E: [email protected]
Tel.: 001 (343) 777 3009