Huang Nubo wants to invest in Norway

Former Propaganda Dep’t official turned real estate tycoon Huang Nubo 黄怒波, known for a less than completely successful bid to purchase some land in Iceland, talks to Bloomberg about investing up to $100m in “tourist-related property” in Norway, including a hotel in Oslo. Mr Huang had said early on that the Icelandic foray was only the beginning of a larger Nordic project. As things in Iceland are moving rather slowly, he’ll be now starting from Norway, whose tourism industry is “probably more mature”.

Mr Huang is known for stating rather negative opinions on Iceland. More generally, “northern European countries,” he now adds, “are actually still very conservative,” in that they expect Chinese investors to “buy out everything everywhere”. He’s a counterexample: when he saw a barrel of wine from 1653 in Bremen, during a tour around Unesco World Heritage sites, he refrained from buying it all and just offered $200k for one bottle of it.

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