WE LOVE BUSINESS
Our main source of income is fishing mainly shrimps, and the world’s largest shrimp-peeling factory is actually located in Sisimiut. Hunting is still one of the important local livelihoods, where there primarily are hunted seals, walruses, belugas, narwhales, reindeers and muskoxen.
Additionally, we have some head offices for example the housing company INI A/S and the supply company KNI. In addition, we also have Pilersuisoq, which earlier was called KGH (Royal Greenland Trade), as well as headquarters for the supermarket chain Pisiffik.
In the last 10-15 years Sisimiut has also developed into a major educational town. This means that a large part of the population are students from the city, but also from other towns and settlement in Greenland.
KGH (Royal Greenland Trade) had had monopoly on the trade since the 1700s. This was changed after the G-50 law implementation in 1950. This made it possible to open small local handicraft companies and kiosks and later the co-operative factory Sipineq in Sisimiut. With the new law the state became interested in making investments in Sisimiut.
Trade, shipping and transport have had tremendous effects for the development of the town, not only in the past, but also in the recent years. With its location and favorable harbor area is it big enough to receive big container ships and products from the biggest airport in the country called Kangerlussuaq.
Sisimiut as a town growing 8% yearly, which makes it the third fastest growing city in Greenland. Fishing is still the main industry. The town develops towards the north. The other side of the city, towards the airport, is especially an area reserved for modern suburban houses.
There are several private and public schools in Sisimiut, which are providing education to the town and the residents in the area.
DTU (Technical University of Denmark) has established the Center for Arctic Technology in Sisimiut. Besides that, there is 4 different departments of education: School of Iron and metal , School of Building and Construction, School of Mining and GUX (High School).