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Inwest in Westfjords

In the regioin Vestfirdir or Westfjords, there are many opportunities for direct investment.  Key growth opportunities have been identified in aquaculture, open sea fish farming, value added production of seafood and, as well as products from seaweed and integrated multi trophic aquaculture, sustainable- and nature based tourism and small industry.

Vestfirdir: The Westfjords of Iceland

The Westfjords form the region in North West of Iceland. As the name implies one of the characteristics of the region are narrow fjords that open to the West, South and North. They are bathed in luke-warm currents of the Gulf-steam and fishing grounds are rich. The region has several unique natural attractions such as Latrabjarg the teaming vertical bird-cliff a magnificent natural setting where you can literally stand on the edge of Europe. Fjords are surrounded by steep slopes and offer good winter sport opportunities. The region has an ancient history of fishing and sustainable sheep farming. It is scarcly populated with the 7,000 inhabitants (Jan 1st 2018). The largest municipality is Isafjardarbaer with 3.700 inhabitants and the smallest municipality is Arneshreppur with 45 inhabitants.

Due to distances and the geography of the region there are 3 sub regions:

  •       Northern (iinhabitants: 4.900)
  •       Southern (1.300)
  •       Strandir & Reykholar furthest to the South-East in the Westfjords (900)