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News Link • Economy - International

Vast business and investment opportunities in Mongolia


October 25, 2011
Ulan Bator, Mongolia

Chinggis Khan has been gone for centuries, but his spirit undoubtedly lives on in Mongolia. Empire-building is in the cultural DNA here.

Mongolians know that they’re sitting on trillions of dollars worth of valuable resources, and that the economy is undergoing a rapid transformation. You can see it in their eyes… the energy, the buzz.

Bear in mind that Mongolia is an incredibly young country. The average age is mid-20s, and it’s common to see younger people in positions of significant influence. I dined with a director of the local stock exchange yesterday and doubt he was even 35. Same with the bank executives that I met.

This relative youth infuses the local economy with tremendous drive, energy, and creativity. These people don’t want to sit back and watch the economic boom happen; they want to be at the forefront of their country’s emergence into the developed world. And they know the time is now.

One of the most striking things about Mongolians is that they know they can’t do it alone. They want foreign capital… and expertise.
The worst you can do in this country is make 28% October 24, 2011

Ulan Bator, Mongolia

“As rich as a Mongolian.”

Get used to hearing that expression, because it will have entered our lexicon in 10-years time.  I’ll explain–


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