Economy

Greenland: European Union announces €200 million investment partnership

    During her visit to Nuuk, European Commission President Ursula von der Leyen announced a €200 million Global Gateway partnership package, which will be invested in and with Greenland this year and next year.

    The European Union, Greenland and Denmark also strengthened their partnership through a new joint declaration signed in Nuuk by the President of the European Commission, Greenlandic Prime Minister Jens-Frederik Nielsen and Danish Prime Minister Mette Frederiksen.

    “Greenland can count on the European Union. That was the message I conveyed during my last visit. Today, I am back to deliver concrete results from our close cooperation, with a new €200 million EU-Greenland partnership package. It will create new opportunities and help strengthen the European Union’s presence and engagement both in Greenland and in the Arctic. Greenland is a strategic ally and a trusted partner,” Commission President von der Leyen said.

    According to the European Commission, the declaration and the investment package deepen cooperation between the European Union and Greenland across a wide range of areas, from traditional sectors such as education and fisheries to improved satellite and cable connectivity, hydropower and critical raw materials.

    The programme also focuses on investments aimed at improving daily life in Greenland, including better housing, the development of sustainable tourism and increased support for small businesses.

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