The Northeast region in Iceland already contains a thriving synergy of companies in food production (fisheries and agriculture), manufacturing industries (e.g. silicon metal and high voltage capacitors) and various smaller businesses, some of which collaborate with the local university in Akureyri. Tourism is requiring more service in a region rich with volcanoes, geothermal hot spots, bird life and ocean whales.

A strong link exists with the Arctic region through several institutions and initiatives (e.g. Stefansson Arctic Institute and the University of the Arctic). Road transport within the area is guaranteed year round, including a recent road tunnel ensuring reliability and safety between Akureyri and Húsavík, the main urban hubs. The domestic airport at Akureyri is gradually growing into an international airport, allowing regular flights to UK and mainland Europe. That same airport provides a link to east coast Greenland.

Despite a small population (around 10% of Iceland total), the inhabitants can offer international investors with exciting opportunities both in the central north city of Akureyri (approx. 19 thousand inhabitants) and in the more rural but geologically fresh and power rich Northeast.