Chinese Tycoon Offers To Buy 0.3% Of Iceland

Huang Nubo, the sixteenth richest person in China, has offered $100 million to buy 300 square kilometres of Icelandic wilderness. He calls himself a “poet and adventurer,” so it would make sense that he’d want to buy the property to develop a golf course and tourist destination.
The area is known as Grímsstadir á Fjöllum, which is as good a name for a golf course, as any, I guess. It’s partially owned by the Icelandic government, which still needs to okay the deal; private landowners tempted by giant stacks of cash seem to have already accepted the agreement, however.
Icelandic nationalists (who knew?) suspect slightly more sinister motives, though:

Opponents have questioned why such a large amount of land – equal to about 0.3 per cent of Iceland’s total area – is needed to build a hotel. They warned that the project could provide cover for China’s geopolitical interests in the Atlantic island nation and Nato member.While home to just 320,000 people, Iceland occupies a strategically important location between Europe and North America and has been touted as a potential hub for Asian cargo should climate change open Arctic waters to shipping.

[Source: CNN]