Buy a piece of this Arctic archipelago for $490 million!

Spanning 14,830 acres, the land holds significant environmental, scientific, and economic importance, as per the listing by agent Knight Frank.

Located at Wedel Jarlsberg in western Svalbard, the land boasts five kilometers of shoreline, mountains, glaciers, and abundant wildlife.

The property represents a unique opportunity considering the geopolitical and strategical aspects, commercial potential, climate changes, and increasing interest in the Arctic areas.

The purchaser will have permission for wireless installations, making it ideal for satellite communications.

Potential buyers may include nation states, government agencies, or ultra high net worth individuals, making it a trophy property.

While the land is offered to the Norwegian government, it will be sold to the highest bidder, with buyers from any of the 46 nations ratifying the Svalbard Treaty eligible. All treaty signatories have equal rights to bid.