Greenland Tourism Draws Faster Investment Interest Than Mining After Trump Push

Greenland is seeing increased investor interest after U.S. President Donald Trump renewed calls to take control of the Danish territory, with tourism expected to generate returns faster than mineral extraction, Denmark’s export credit agency said on May 13, 2026. Peder Lundquist, CEO of EIFO, said Arctic tourism offers a quicker route to local economic value than raw materials, where major projects may take decades. EIFO is backing a study into expanding visits around Ilulissat, a west-coast town set to receive an international airport, including harbor capacity and related infrastructure near Disko Bay. Greenland and Denmark have rejected Trump’s demands. Greenland Prime Minister Jens-Frederik Nielsen said on May 12, 2026, that the territory is open for business but will maintain strict environmental standards. The EU plans to double financial support to Greenland and has designated GreenRoc’s graphite project as critical. EIFO expects three to five new transactions in 2026 and is weighing financing for Suliaq, a unit of Amaroq, seeking $20 million to $35 million for Arctic mining equipment.