Denmark to Spend $250 Million on Greenland’s Infrastructure

Nuuk, Greenland.

Photographer: Juliette Pavy/Bloomberg

Denmark will invest about 1.6 billion kroner ($250 million) in Greenland’s infrastructure as the government in Copenhagen tries to fend off Donald Trump’s push to take over the Arctic island.

Greenland, which has its own government but is part of the Kingdom of Denmark, has become a geopolitical hot topic due to its mineral resources and its strategic military location. The US president has saidBloomberg Terminal he would invest “billions of dollars” and make Greenlanders rich if he succeeds in annexing the territory.