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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.

 

arctic business alliance (ABA)

The Arctic Business Alliance (ABA) is a network alliance currently consisting of nine companies from Greenland and Denmark. 

The Trade Council’s Arctic Business Alliance supports companies from the Kingdom of Denmark with an interest in the Canadian Arctic market. This includes support and advise to members on the market situation in Canada, particularly within infrastructure. The Alliance shares information on upcoming tenders and infrastructure projects in Canada’s Arctic and Northern regions and coordinates meetings with relevant stakeholders, both private and governmental. Alliance members get together for yearly conferences and business events and take part in relevant delegation trips to Greenland and Canada.

As part of a larger Arctic commercial focus, The Trade Council is increasing its efforts in developing relations across the Arctic and identifying opportunities for East-West partnerships and collaboration. The Arctic Business Alliance is part of this overall strategy.

Want to learn more about our ABA members? Access our catalogue here.

Subscribe to our biannual newsletter to stay updated on ABA activities. View the latest issue of the ABA newsletter here.

ARCTIC BUSINESS ALLIANCE










SERVICES What we can help you with

  • Develop trust, business relations and contacts between stakeholders in Arctic Canada and companies from Greenland, Denmark and The Faroese Islands.  

  • Introduce companies to relevant projects, contracts and upcoming tenders. 

  • Key Account management by engaging with Canadian stakeholders drawing on several narratives of Greenland, Denmark and the abilities of the private sector.

  • Unique platform combining Government relations, Indigenous relations, corporate relations and sustainable business operations in the Arctic through the local presence of the Trade Council. 

  • Represent companies at select conferences and events and set up bilateral or joint meeting programmes with private stakeholders and government entities.

  • Scouting, business development and market analysis.

contact interested in learning more?

If you are interested in learning more about the Arctic Advisory or the Arctic Business Alliance, please contact:
Helene Scherling Olsen
Senior Advisor, Arctic Business Opportunities         
E: helsol@um.dk      
Tel.: 001 (416) 640 7484   
Martin Petersen
Commercial Advisor, Arctic Business Opportunities

E: mpeter@um.dk
Tel.: 001 (343) 777 3009