POWERED BY NATURE
Norway has three world-leading industries (global knowledge hubs) in the oil and gas, maritime and the seafood sectors. Renewable energy, the cleantech industry in general and the medical/biotechnology area, all represent interesting, emerging industries.
WHY INVEST IN NORWAY?
Norway is a politically stable, modern and highly developed country with a very strong economy. The Norwegian economy is characterized by being open and mixed, with a combination of private and public ownership.
Norway has always been open to foreign investments. There are about 6000 foreign-owned limited companies in Norway with many additional branch offices. Foreign companies represent about 25% of all value-creation in Norway and about 20% of the employment. Norway had a strong growth of foreign investments during the last decade, compared to many other countries.
Norway is not a member of the European Union but Norway is part og the Inner Market through the EEA agreement, hence Norwegian companies have equal opportunities as those with EU member
ARCTIC HOSPITALITY PROJECTS
MAR* – Marelius Arctic Resort, Ekkerøy
MAP* – Marelius Arctic Panorama, Vadsøya
Norway is rich in natural resources, including renewable energy. 98% of our electricity production is based on renewables. We utilise this electricity to create energy intensive products with the world’s lowest carbon footprint, and to pilot the zero-emission society of the future.
Half of the new cars sold in Norway in 2019 were electric, and we are piloting battery driven ferries as well as boats powered by ammonia.
Norway has world-class industries within oil and gas, energy, maritime and the seafood sector. We are currently building new, green industries on this foundation, pioneering such technologies as floating wind, zero-emission shipping and carbon capture, utilisation and storage (CCUS).
More than 40 clusters engage in world-leading research and development within, and across, a wide range of industries.
HIGHLY RESILIENT COUNTRY
Norway was recently ranked the world’s most resilient country. We also rank among the top ten countries in the world on the world happiness ranking, the world talent ranking, the world competitiveness ranking, the environmental performance index and the ease of doing business ranking.
HIGH SKILLED WORKFORCE
Norway’s skilled workforce, characterized by high competence, independence and efficiency, and the balanced three party cooperation between the government, labour unions and industry confederations are an important basis for Norwegian competitiveness across industries.
These mechanisms ensure flat hierarchies which combine low conflict levels, high efficiency and flexibility both on local and national level.
MEMBER OF THE ESM*
Although not a member of the EU, Norway is fully integrated in the European single market through the EEA and Schengen Agreement.
*ESM – European single market
GREAT PLACE TO LIVE
Norway consistently ranks first in the Human Development Index, thanks to a high literacy rate, great education, and material wealth.
Norway has one of the lowest crime rates and best welfare systems in the world, ensuring access to high-quality health care and higher education for all.
THE ARCTIC BARENTs SEA
10 REASONS TO INVEST IN NORWAY
- Rich in natural resources like oil and gas, marine resources, surplus of emission-free hydropower and forest resources.
- Strong economy, 2nd highest gdp pr. Capita in Europe, high purchasing power and the world’s biggest sovereign wealth fund.
- World class industries within oil and gas, energy, maritime and the seafood sector.
- Easy to do business; among top 10 of 180 countries on the Ease of Doing Business ranking.
- Competitive; ranked among the best on the World Competitiveness Scoreboard.
- Innovative work place; flat structures, a competent work force and egalitarian values stimulate innovation.
- Country of choice for R&D; close cooperation between the industry and R&D with 40 government funded clusters.
- Great place to live; Norway ranked first on the annual Human Development Index for several consecutive years.
- Network of airports; more than 50 airports with regular traffic makes it easy to reach out in the entire country
- Open, stable and predictable; political stability and a transparent political system make a competitive investment climate.
HQ – THE ICEHOUSE
Ørtangen 10A, Waterfront
Port of Vadsø
Greater Arctic Norway
GREATER ARCTIC HOLDING AS
Po.box. 51, 9811 Vadsø
Greater Arctic Norway
MR. OTTAR ZAHL JONASSEN
M // +47 912 45 505
M // +47 938 24 248
Market and industry insight
To build your business case and prove the value of an establishment or investment, we provide you with customised information and benchmarking services on the Arctic market, business climate, industry sectors, operating costs, legal framework and more.s.
Partner search and matchmaking support
We act as a link to Arctic companies and introduce you to opportunities of strategic partnerships, R&D collaborations and other types of cooperation.
Access to business networks
We introduce you to all necessary service providers, authorities and organisations.
Greater Arctic Norway AS // Marelius AS
HQ – The Icehouse
70North – 29East – On top of the world
9800 Vadsø, Norway
Business opportunity identification
Based on your sector priorities, our industry specialists identify and present market and industry opportunities in Arctic. We identify growth areas, key industry stakeholders, establishment strategies and next steps.
We provide you with information on how to set up and run a business in Arctic, including rules and regulations, legal entities, employment matters, taxes and more.
To help you find the right location and premises for your facilities, we coordinate site selection processes based on your requirements. Our regional and local network enables us to conduct site screening throughout Arctic and access detailed data.