MIPIM, CANNES, France, March 13, 2013 /PRNewswire/ --

The growth of Oulu has been rapid in recent decades and the city has quickly become the center of the whole region, the Capital of Northern Scandinavia. The city center development will bring 300 million euros in private investment opportunities to the city center.

Oulu features the youngest population in all of Europe, and being one of the fastest growing urban areas in the North, the city center is also seeing major real estate investments. Oulu focuses on quality construction and the Oulu city center is developing towards big city look.

The Oulu city center comprises of three districts, and the development project includes measures such as constructing an underground parking space and a modern shopping center.

"The growth of the city requires modern facilities and new opportunities for business and customers. With the major investments we ensure the future of Oulu as a capital of Northern Scandinavia," says Matti Matinheikki, Director, Urban and Environmental Services, City of Oulu.

Oulu is also developing the city's airport area which, when completed, will consist of 10 hectares and 100,000 square meters of floor space for new businesses. The Airport City is a transportation hub that gathers growing businesses, airport hotels, office, and production facilities.

Theme Park Brings Nordic Myths into Life

Another interesting project planned in Oulu is the Kalevala Theme Park. Kalevala Park implements the epic experience environment and so enables you to escape to the World of Kalevala, land of the Nordic myths and stories of heroes. The total investment of the park is 13 million euros in phase 1.

"The Capital of Northern Scandinavia is growing rapidly and there is a clear demand for a theme park in Northern Scandinavia. It would be the only northern theme park, and it would draw customers throughout Northern Scandinavia and north-western regions of Russia," says CEO Jyrki Suutari, PellepyyOy.

Meet us at MIPIM at our stand, level 1, number 13-27.

About Oulu: Oulu, the Capital of Northern Scandinavia, is the logistic center for the North, powerhouse of the northern cooperation and the largest population center in Northern Scandinavia. It's also Europe's most intelligent community and the leading ICT cluster in Northern Europe. Oulu was ranked among the top 7 finalists and the number 1 European city out of 364 worldwide entrants in the prestigious Intelligent Communities of the World 2012 competition.

BusinessOulu: http://www.businessoulu.com

City of Oulu: http://www.oulu.com

More information:

Ms. Pauliina Pikkujämsä
Director, Marketing & Communications

City of Oulu
Mr. Matti Matinheikki

PellepyyOy / Kalevala Park
Jyrki Suutari

SOURCE Aleksin Kaiku Oy

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