MAYOR BAT-UUL DISCUSSES ESTABLISHING FINANCIAL CENTER IN ULAANBAATAR WITH LONDON LORD MAYOR

September (InfoMongolia) On September 20, 2013, Governor of Capital City and Mayor of Ulaanbaatar E.Bat-Uul met with Ambassador of the United Kingdom of Great Britain and Northern Ireland to Mongolia Christopher Stuart and Lord Mayor of London, Alderman Roger Gifford.

During the meeting, the sides exchanged views to establish a "Financial Center" in Ulaanbaatar City. At the beginning of the meeting, Mayor E.Bat-Uul said, "Ulaanbaatar is a city of centralized population and manufacturing. For the first time, we had the general development plan of Ulaanbaatar City until 2030 approved by the State Great Khural (Parliament). Within the framework, a metro system will be built along Peace Avenue and a feasibility study has been carried out. We are interested in attracting investors in these operations. We are also aiming to re-plan the Ger districts, which take up 78% of Ulaanbaatar City, and utilize renewable energy to change them into residential areas. Therefore, we will gladly receive your suggestions and cooperate".

Lord Mayor Roger Gifford stated, "Stock exchanges are crucial in developing financial activities and it is necessary to develop domestic bond markets. Also, a "Financial Center" is absolutely necessary in Ulaanbaatar City to carry out such large construction works. We will cooperate in these matters".

Governor of Capital City and Mayor of Ulaanbaatar E.Bat-Uul expressed he supports the idea of establishing a "Financial Center" in