PM: MONGOLIA IS OPEN FOR INVESTORS

Ulaanbaatar /MONTSAME/ While in the UK with the working visit, the Premier of Mongolia Ch.Saikhanbileg gave interviews to CNBC, Financial Times and Reuters on July 1.

Highlighting a current economic situation of Mongolia and the Government’s actions to attract investors, he said “Mongolia is back to business”.

“Investors are watching carefully over Mongolia. The economic growth last year stood at 7.8 percent. Foreign investments result in short-term efficiency for Mongolian economy. The new version of Law on Investments considers both national and foreign investments as equal, facilitating them with the same favorable environment”, he stressed.

Mongolia’s economy should not be over-dependent on mining, he said, “we are working on economic diversification.Mongolia has many potential sectors to receive investments, including agriculture and tourism”.

“Our country has a vast territory, over 60 million livestock, some 6,000 natural resource deposits that have 80 types of mineral riches. We are putting efforts to turn the current economic opportunities to the long-term excellence”.

The message to investors is “All activities for expanding and diversifying the economy is welcome. Doors of Mongolia are always to open for investors,” he underlined.

B.Amarsaikhan