|Chinese investor eyes Norway's Arctic islands|
|News - St Augustine Area & St Johns County|
STAVANGER, Norway — A Chinese real estate tycoon said he’s making an offer for a vast swathe of land on Norway’s Arctic archipelago to build a holiday village for wealthy travelers.
Huang Nubo told Norwegian national broadcaster NRK on Thursday that he wants to buy 83 square miles on the island of Svalbard, 500 miles north of the mainland for “more than 24 million kroner ($4 million).”
He didn’t give details about his plans and appeared unsure of the climate and properties of the island, situated midway between continental Norway and the North Pole.
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