Greenland Business Association joins AEC
We are proud to announce that Greenland Business Association (GBA) joins the Arctic Economic Council. As we welcome our new member, we spoke with Director Christian Keldsen about role of the GBA in the economic development in Greenland.
What does Greenland Business Association do?
The GBA is Greenland´s biggest employers´ association with more than 320 members across 10 different industries. The association organises approx. 60-80 % of the private sector payroll and is an important stakeholder in the civil society of Greenland. The GBA negotiates collective agreements with the unions and is strong lobbyist. The organisation works to attract investments to Greenland across sectors.
Why is GBA joining AEC now?
It was a long time coming. Greenland will take on an important role in the Arctic Council and the business community should very much be behind this. Joining the AEC is one way of doing this. Furthermore we are entering the Arctic Century and the eyes are on us. We see development in the region and would like to both participate and benefit from this.
What are some of the business opportunities in Greenland right now?
What should you know as an investor when looking towards Greenland Greenland is a strong democracy with a democratically elected parliament that forms a government. Legislation is based on strong Scandinavian principles and we align ourselves with the West. The economy is strong and we have many types of resources that make up relevant investment cases. We have a strong backing from the Kingdom of Denmark and we are generally a modern society in constant movement.
Tell us about Future Greenland?
The Future Greenland business conference series is the flagship of business conferences in Greenland and the biggest of its kind with approx. 500 participants every other year (next 2026). The conference invites policy makers and the business community from Greenland and abroad to partake in discussions and presentations on contemporary topics enabling Greenland to play into the global geopolitics and international business trends. Focus is on development in Greenland and the Arctic
What has been the impact of the increased interest in Greenland in the past year?
Greenland claims to be open for business and many eyes are on Greenland, especially due to the geopolitical situation. The interest in Greenland´s underground and tourism sector is growing and relevant investments in infrastructure and international collaboration has been made to facilitate the interest.