Foreign Investing Heats Up Iceland's Economy

Foreign investors are heating up Iceland's economy, taking advantage of a skilled workforce, booming tourism and IT industries, and alternative energy sources.
By William Bell

Iceland might make some people react with "Brrr!" but for foreign investors, it is a country filled with "hot" opportunities. In the past, per the U.S. State Department, most investments were in the aluminum sector, but change is on the economic horizon of this beautiful country.

The island nation that is located in the Arctic Circle has a booming tourism industry; an impressive IT infrastructure; a large amount of sustainable energy resources; and a skilled, educated workforce. Iceland also has a Free Trade Agreement with China and other countries, and it is strategically located between North America and Europe. There are many other reasons businesses should consider Iceland for global investing like its stable economy and a population eager for U.S. products.


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