Mongolia counts among one of the last frontiers in Asia where the returns are still high and the potential is unlimited.
Located in north Asia neighboring China and Russia, Mongolia adopted democratic ideals and free market principles in 1990, creating a stable political and economic environment for its impressive economic growth and development over the past two decades. Mongolia today is one of the most politically stable, democratic countries in Asia, which continues to generate exciting economic opportunities for investors.
Estimated to contain more than USD1.3 trillion worth of proven mineral resources, Mongolia has been one of the most desired emerging market destinations for investors. As a result, foreign direct investment into the country skyrocketed from USD43 million in 2001 to USD4.7 billion in 2011. Expected foreign direct investment into the country in the next 5-10 years is making the country one of the most exciting frontier markets in the world. Here we have outlined the top 5 reasons why you should consider investing in Mongolia:
1. Mongolia grew at an average of 9.1% annually in the past decade and the growth is expected to stay high in the next 5-10 years