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Denmark plans man-made islands to draw business

Denmark plans to build nine artificial islands in southern Copenhagen in a bid to attract businesses, the government announced on Monday, amid a housing and office space shortage.

Denmark plans man-made islands to draw business
An illustration shows the proposed construction of nine islands at Avedøre Holme. Photo: Ministry of Economic and Business Affairs/Handout via REUTERS/Ritzau Scanpix

The government and Hvidovre Municipality announced the plan, which will see an extension of the Avedøre Holme area south of the Danish capital, creating nine new islands to be given the collective name Holmene.

The primary purpose of the new islands will be to create industrial opportunity.

“We're targetting high-tech companies but there's always a need for the production of products we use in our daily lives too,” Industry and Business Minister Rasmus Jarlov told Ritzau.

Minister for Employment Troels Lund Poulsen called the project “visionary” and said it had the whole-hearted backing of the government.

“This will help to even better connect Copenhagen with the regions to its west and to the rest of Zealand. Copenhagen and the surrounding municipalities are an important driver of growth for the whole of Denmark,” Poulsen said to Ritzau.

Construction on the nine islands is scheduled to begin in 2022, covering an area of three million square metres and adding 17 kilometres to Denmark’s coastline.


An illustration shows the proposed nine islands at the Avedøre Holme coast. Photo: Ministry of Economic and Business Affairs/Handout via REUTERS/Ritzau Scanpix

The first plots of land will be sold in 2028 and the project, the financial details of which have not been disclosed, should be completed by 2040.

The aim is to attract some 380 companies to the area, located near Copenhagen airport.

“I think this could become a sort of European Silicon Valley,” the head of the Danish Chamber of Commerce, Brian Mikkelsen, told TV2 television.

The mammoth project follows another major infrastructure initiative announced last autumn, whereby 20,000 new homes will be built on a polder — low-lying land reclaimed from the sea — north of the capital.

That development, given the name Lynetteholmen, will rise from the Øresund waters between the Refshaleøen and Nordhavn areas and create homes for 35,000 people.

READ ALSO: Copenhagen to get artificial island and harbour tunnel in ambitious 50-year plan

BUSINESS

Denmark’s toy giant Lego offers staff bonus after bumper year

Danish toymaker Lego, the world's largest toymaker, Denmark's Lego, said on Tuesday it will offer its 20,000 employees three extra days of holiday and a special bonus after a year of bumper revenues.

Lego is rewarding staff with a Christmas bonus and extra holiday after a strong 2022.
Lego is rewarding staff with a Christmas bonus and extra holiday after a strong 2022. File photo: Ida Guldbæk Arentsen/Ritzau Scanpix

Already popular globally, Lego has seen demand for its signature plastic bricks soar during the pandemic alongside its rapid expansion in China.

“The owner family wishes to… thank all colleagues with an extra three days off at the end of 2021,” the company said in a statement.

The unlisted family group reported a net profit of more than 6.3 billion Danish kroner (847 million euros) for the first half of 2021.

Revenues shot up 46 percent to 23 billion kroner in the same period.

It had been “an extraordinary year for the Lego Group and our colleagues have worked incredibly hard,” said the statement, which added that an unspecified special bonus would be paid to staff in April 2022.

Lego, a contraction of the Danish for “play well” (leg godt), was founded in 1932 by Kirk Kristiansen, whose family still controls the group which employs about 20,400 people in 40 countries.

READ ALSO: Lego profits tower to new heights as stores reopen

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