Norway blocks unique real estate sale in Arctic Svalbard
Oslo (AFP) July 1, 2024
The Norwegian government said on Monday it had blocked a plan to sell the last privately owned piece of land on the strategic Arctic archipelago of Svalbard in order to prevent its potential acquisition by foreign actors such as China. The remote Sore Fagerfjord property in southwestern Svalbard - 60 square kilometres (23 square miles) of mountains, plains and a glacier - was on sale for 3
The Norwegian government said on Monday it had blocked a plan to sell the last privately owned piece of land on the strategic Arctic archipelago of Svalbard in order to prevent its potential acquisition by foreign actors such as China. The remote Sore Fagerfjord property in southwestern Svalbard - 60 square kilometres (23 square miles) of mountains, plains and a glacier - was on sale for 3