Source: BCM NewsWire   Date: April 28, 2010

More than 450 participants attended the “Southern (Gobi) Region: Investors’ Forum-2010” in Dalanzadgad in Umnugobi province on April 21, organized jointly by The Ministry of Foreign Affairs and Trade and FIFTA. Participants included BCM members Newcom, MSM, MICC, Oyu Tolgoi, Southgobi sands, and Khan Bank; the German, South Korean, Japanese and British Ambassadors; and the heads of the IMF and GTZ country offices.

The forum gave them a platform to exchange views on how to attract foreign investment to help in the region’s development, and to learn more about the opportunities and advantages the region offered. Among the speakers were Mineral Resources and Energy Minister D.Zorigt, three provincial Governors, the FIFTA Vice Chairman, and Mr. D.Batsaikhan, Deputy CEO of Khan Bank. They emphasized the need to change the authorities’ regulatory-oriented mindset if investors’ interests were to be promoted and the three regional Governors – of Umnugobi, Dundgobi and Dornogobi – were urged to follow up the ideas expressed and ensure that proposed projects conformed to sustainable development criteria.

The provinces are seeking investment in road construction, power, meat, leather and milk processing, public education and agriculture. Those interested in any of these investment areas can contact the BCM office for more information and/or help.

The next regional investment forum, for the Northern region, will be held in Erdenet city in June.