Investors are currently dealing with a confluence of market forces such as inflation, increasing interest rates and the effects of Russia’s war in Ukraine. These factors lie on top of the lingering economic effects of the pandemic.

In times of uncertainty, investors are particularly flee to safe investments, something land-based companies cannot yet claim to be.

The investor mood is different from a year ago and it is not a great time for investors to fund large projects, Ohad Maiman, outgoing CEO of The Kingfish Company, told IntraFish last month.