Mongolia sets stall out for foreign investors

Prime minister Saikhanbileg Chimed said the country’s drive to supplement mining with other sectors offered investment potential.

Mongolia is at the crossroads of Asia and offer’s plenty of investment opportunities for foreigners.

That was the sales pitch offered by the country's prime minister, Saikhanbileg Chimed, at a media luncheon held on Thursday as part of Credit Suisse’s 19th Annual Asian Investment Conference.

The geographically vast, demographically tiny north Asian country has had a rough time over the past two years. The vast majority of its gross domestic product is related to mining, principally for coal, copper and gold, but the commodity cycle’s plummet has crushed Mongolian export revenues and left the government with worryingly large deficits.

To secure its own financial...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222