Wary of US investors, Greenland lawmakers push to pass foreign investment screening law

Greenland lawmakers are rushing to pass a foreign investment screening law in response to a surge in property interest from U.S. buyers in Nuuk early last year, according to lawmakers and other people familiar with the matter. The legislation aims to curb foreign ownership of strategic assets and real estate, with particular focus on American investment that has raised concerns among local officials about economic sovereignty. The timing of the push coincides with heightened geopolitical tensions in the Arctic region, where Greenland's strategic location has attracted increased international attention. The law represents a significant shift in Greenland's approach to foreign investment, moving from relatively open policies to more restrictive measures that prioritize local control and national security interests.