Invest in Iceland

Invest in Iceland does not allocate capital or make investment decisions. It is an investment promotion agency that facilitates foreign direct investment by helping international companies evaluate, permit, and establish operations in Iceland. The head of foreign direct investment is Arnar Guðmundsson (public record).

Iceland's grid runs on 100% renewable hydroelectric and geothermal power, offering long-term fixed-rate power purchase agreements. The cold climate provides free ambient cooling, and the country's location between North America and Europe provides low-latency fiber connectivity for data center operators. These are physical attributes, not tax incentives.

No. It is an investment promotion agency structured as a department within Business Iceland, a public-private partnership. It does not manage a balance sheet, fund managers, or deploy institutional capital.

The agency focuses on power-intensive industries that benefit from Iceland's renewable energy grid: data centers and subsea cable infrastructure, biotechnology and precision fermentation, green hydrogen and e-fuel production, aquaculture, and high-value food processing. It also supports film production through its sister agency Film in Iceland.

K64 is the Keflavik Airport Zone industrial development on the Reykjanes peninsula. Invest in Iceland collaborates with Kadeco to promote the zone, which combines direct runway access, transatlantic fiber connections, and connection to the renewable power grid—specifically targeting logistics-heavy industrial and data-center tenants.