Iceland’s K64 airport masterplan targets data centre growth
Speaking to Real FDI at Mipim 2026, Pálmi Randversson, managing director of Keflavík Airport Development Company (KADECO), outlines the strategy behind Iceland’s K64 masterplan and the growing international interest in the Keflavík Airport development zone.
He explains that K64 – Iceland’s Airport Region, as the project is branded, is a long-term development framework for land surrounding Keflavík Airport, aimed at attracting international occupiers and maximising the strategic value of the location.
“K64 is a masterplan for the area around Keflavík Airport. We are promoting different development sites next to the airport, capitalising on the airport opportunities and also opportunities related to locating your businesses in Iceland.”
Since launching the initiative in 2023, KADECO has been actively engaging with investors and occupiers, with particular momentum in digital infrastructure.
“Currently, we have quite extensive data centre development taking place, both extensions to the current data centres that are located there right now, and we are also getting questions and enquiries from other data centre [developers] that want to locate in Iceland.”
Randversson highlights Iceland’s structural advantages for the sector, including renewable energy and climate conditions.
“I think data centres are quite logical because of the natural cooling, the access to green energy and the location at the airport is also a great benefit for locating your data centres and other types of businesses.”
Beyond data centres, the strategy is focused on broadening the local economic base beyond tourism, including aviation-related industries and residential development linked to employment growth.
“The ultimate vision and the sustainability part of the masterplan is creating more diverse job opportunities for the people who live there.”
He adds that planning progress over the past year has brought sites forward for development, supported by coordination with local authorities on infrastructure and housing.
“KADECO is the one-stop shop if you want to come and locate your business at the airport area.”
www.invest.k64.is
