Denmark planning to build “European Silicon Valley” with artificial islands near Copenhagen

Anca Alexe 08/01/2019 | 08:02

Denmark has announced plans to build nine artificial islands south of Copenhagen in order to attract business amid a housing and office space shortage, the Guardian reports.

“We’re targeting hi-tech companies but there’s always a need for the production of products we use in our daily lives too,” said industry and business minister Rasmus Jarlov.

The construction of the nine islands is due to begin in 2022, on a total area of 3 million sqm. The project should be completed by 2040, but the first plots of land will be sold as early as 2028.

The goal is to attract about 380 companies to the area, and Danish chamber of commerce head Brian Mikkelsen told a local TV station that he believes the area could become “a sort of European Silicon Valley.”