Denmark plans to build nine new islands to house “European Silicon Valley”

The Danish government and Hvidovre, a city outside Copenhagen, are planning a series of nine artificial islands to house a new tech hub.

The new archipelago, dubbed Holmene, will create over 33 million square feet of new land, 10.5 miles of new coastline, and, hopefully, 12,000 new jobs directly and up to 30,000 new jobs indirectly.

The islands will set their buildings in over 170 acres of parkland intended for a variety of recreational uses.

Holmene will rise next to Avedøre Holme, an existing industrial area outside of Copenhagen, and is meant to be a home for up to 380 businesses, ideally tech companies that will transform the area into “a sort of European Silicon Valley,” according to the head of the Danish chamber of commerce, Brian Mikkelsen, as reported in The Guardian.

The project still has to be approved by the Danish parliament, but current estimates say that construction could begin in 2022 with the first island becoming inhabitable six years later, and the entire complex completed by 2040.

Ref: Property Report