The Arctic is an emerging market, where regional economies are growing at a higher risk-adjusted rate than those of other emerging markets. The key driver of the Arctic economy is long-term global population growth that drives demand for protein and other natural resources, as well as the transportation of goods across the Arctic Ocean as sea ice decreases. In addition, significant infrastructure investments are anticipated in the form of ports, pipelines, roads, and power generation. The overall estimated investment universe is $100 billion over the next 10-years.*
*Lloyds of London, Arctic Opening: Opportunity and Risk in the High North, 2012.