Why invest in Mongolia?

“Over the next decade, Mongolia will have the fastest growing economy in the world in terms of GDP growth, succeeding Qatar, which in percentage terms, although not absolute terms, surpassed that of China in the past decade,” said John Finigan, CEO Golomt Bank

Mongolia is an attractive investment opportunity. In the past five years, foreign direct investment in the country has doubled. This is in large part due to the mining industry as Mongolia is home to large mineral deposits. With an estimated 100 billion metric tons in coal reserves, 3,000 tons of gold, and 62,000 tons of uranium, Mongolia is sitting on a substantial amount of wealth. In October 2009, Mongolia signed the Oyu Tolgoi agreement allowing for the extraction of minerals from one of the largest gold and copper deposits in the world. For many foreign companies, this signals the beginning of significant mineral extraction and wealth creation for the country of Mongolia.

With a booming mining sector and a low population, Mongolia is expected to see economic development such as that experienced by oil-rich Middle Eastern countries. This will mean excellent returns in general for people that invest now into the country.