4. A favorable environment for business and innovation

Growing City

Goals of the Green Deal in finance, development, and employment matters.

The goals of Reykjavík City in the development of new industrial areas for businesses until 2030 are efficient land use, diverse economy, and industrial zones for companies of all types and sizes.

  • The development of infrastructure and facilities for a diverse range of business activities aligns with the City's future vision
  • Companies will have space for operations, and opportunities are ensured for those planning to develop land in densification areas and relocate their operations within the city
  • Reykjavík is home to robust innovation and knowledge hubs
  • New powerful industrial areas are available for small and large companies at Hólmsheiði, Esjumelar, and Álfsnes
  • Employment opportunities have evolved, and new jobs have spread throughout the city, into existing neighborhoods, and onto new development sites