Mongolia gives investors their day

There are signs that foreign investors are returning to the country following what appears to be an about-face for the government, which has retreated from the most contentious issues in its investment and mining laws

Mongolia gives investors their day
Oyu Tolgoi is expected to account for about one-third of Mongolia's GDP once it is fully up and running.

When KFC opened its first fast-food restaurant in Mongolia at the end of May it was one of the more visible signs that the confidence of foreign investors is returning. And if the long line of people queuing up on Chinggis Khan Avenue for a chance to taste Colonel Sanders' chicken on day one is any indication, Mongolia is open to foreign investment.

Of course, that is to be expected for a country that is...

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