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There's a TV production company, RVK; Blueeyes, a film-production company founded by Mr. Kormakur, 47, and his wife, Lilja Palmadottir; and TrueNorth, which has provided services and manpower for foreign projects shooting in Iceland, including "Oblivion" and "Thor 2".
Low oil prices are not just squeezing Saudi Arabia's domestic budget, imposing austerity on a kingdom not used to it: it is taking its toll on Saudi support for foreign projects too.
And this month Hugo Chávez, Venezuela's president, visited Tokyo to sign energy deals".We have been very quietly shifting the gravity of our strategy from exploration and 'greenfield' projects to acquisitions and exchange deals," says Tadashi Maeda of the Japan Bank for International Co-operation (JBIC), a state-backed lender for foreign projects.
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But applications for new foreign projects fell 60percentt last year.
O.P.I.C. provided financing or insurance coverage worth almost $300 million for Enron's foreign projects just last year, according to government records.
Almost the only foreign projects for the moment are quick-buck enterprises targeting the foreign economy: restaurants, bars, car rental companies and temporary trailer-house hostels.
"This is just a foreign project to create a bad image for the burqa and Afghanistan.
Camisea was to be Peru's largest-ever foreign project.
For foreign companies, the project also means less environmental oversight.
Britain increased its market share for direct foreign investment projects to just over 20%, leaving Germany for dead.
The place has the feeling of a scientific Center Parcs, with low-rise institute buildings set back from broad avenues, along with decrepit sheds containing lasers and colliders, now mostly put to use on projects for foreign companies.
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