Copenhagen, Denmark Plans Nine New Artificial Islands by 2040
How does a city short on office space and housing still fight to attract high-tech companies and position itself as a hub of the future? For Copenhagen, Denmark, the answer is building nine artificial islands, adding some 3 million square meters (32.3 million square feet) of available land.
The massive project, which the government announced earlier this year, is intended to move into the construction phase in 2022 and be completed by 2040. (Parliament still has to approve the proposal.) Not all of the new space will be devoted to office developments. One of the islands will be the project site for a biogas plant and renewable-energy storage facility. If all benefits are realized, the project is expected to attract about 380 companies to the area, adding more than US$8 billion to the local economy.