Thursday, June 5, 2014

Mongolia Business Summit to facilitate growth

The Mongolian Business Summit will take place from June 19 to 21, in Ulaanbaatar. Presented by the Mongolia Economic Forum, the Mongolia Business Summit will focus on global partnerships to facilitate business growth. A “deal-driven” approach enabling entrepreneurs, investors, bankers, both local and international, to interact directly will be used.

The main focus of the summit is to introduce corporations, bankers, investors and entrepreneurs, both local and international, to how they can explore the untapped potential of one of the world’s fastest growing economies.

International and local business people experiencing success in Mongolia will share unrivaled, first-hand experience of growing their business in this emerging market. One of the participants of the conference, Robert Friedland, founder of Ivanhoe Mines (now Turquoise Hill Resources), is also expected to attend.
With one of the world’s fastest growing GDP rates at 9.5 percent in 2014 and 10 percent expected in 2015 according to Asia Development Bank, Mongolia is setting the foundations for a period of high and steady growth expected in 2015-2016.

Mongolia serves as a key platform for markets in China and Russia. As a landlocked nation, it is ideally situated between two influential neighbors with large economies.

Mongolia’s target growth sectors, including agriculture, infrastructure, mining, real estate and manufacturing, will be explored at the event. Representatives from each of these sectors will also attend.

Participants have the rare opportunity of opting to visit various sites including cashmere factories, agricultural and food processing facilities, manufacturing plants and a mining site.

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