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Excellent Infrastructure

Infrastructure in Iceland

Iceland has excellent infrastructure, which is ranked in 1st place for basic infrastructure by IMD World Competitiveness Report

 

 

 

 

Information and Communications Technology

Iceland is among the leading countries in the world in terms of ICT. According to the IMD competitiveness report, Iceland has the second highest information technology skills in the world along with having highly extensive connectivity and advanced communications technology.

Additionally, Iceland is ranked 8th out of 144 countries for technological readiness in the Global Competitiveness Report 2014-15 by the World Economic Forum: which measures the agility of an economy in adopting existing technologies to enhance the productivity of its intrustries wih specific emphasis on ICTs.

 

 

 

The Icelandic infrastructure for telecommunications networks and services is highly advanced, and unique for such a small nation. All population centres in Iceland have access to high-speed fibre-optic cable services and over 90% of Iceland’s population has access to the Internet, either at home or work, if not both.

Iceland is linked with Europe and North America via a number of fibre-optic submarine systems. The fibre-optic submarine systems are Farice, Danice, Greenland Connect and Cantat-3.

 

 

Road system

A 1,400 km Ring Road with well-maintained roads connects all major population centres and industrial sites around Iceland. Extensive land transport services link towns and harbours. These are complimented by year-round public coach services. 

Air connections

Keflavík Airport near Reykjavik is Iceland's principal international airport, with daily flights going all over the world.

Icelandair offers passenger and cargo services to and from more than twenty gateways year-round on either side of the Atlantic.

WOW air also offers year-round flights to Europe and N-America, and several other international carriers operate for at least part of the year.

Flight duration is 2.5-5 hours to Europe and 5-6 hours to the United States (East Coast) and Canada.  

Freight ports

Smyril line operates passenger ferry Norröna, which connects Iceland, Denmark and the Faroe Islands.

Icelandic freight ports are extremely busy with both imports and exports, being taken to and from all over Europe and USA.

Shipping takes 3–4 days to Europe and 7–8 days to North America. Harbours are ice-free all year round. 

 

 

Get in touch

For further information on the benefits of establishing a business in Iceland please feel free to contact us.

Key Sectors

With high professional standards and the cooperation of major international banks and accounting companies, a large number of international investors have been establishing their business in a wide range of industries in the investor-friendly environment of Iceland