Mongolia Economic Forum 2025: Government Commits to Investor-Friendly Policies and Economic Diversification

Economy
g.enkh-od@montsame.gov.mn
2025-07-09 12:01:21

Ulaanbaatar, July 9, 2025 /MONTSAME/. The Mongolia Economic Forum 2025 is being held on July 8-9, 2025, under the theme “Together for Tomorrow.”

 

Organized annually since 2010, the two-day forum serves as a key platform to address pressing issues related to Mongolia’s economic and social development and to identify possible solutions.


Each year, the forum is held under a different theme. In 2022, it was conducted under the theme “New Recovery Policy,” while in 2023, under the name “Regional Development Mongolian Economic Forum,” where discussions centered around the regional development policy, investment allocation, and budget efficiency. This year, the agenda focuses on topics such as urban planning, urban economy, foreign direct investment, emerging opportunities and risks, critical minerals, and supply chain.


More than three thousand delegates are participating in the event, including policymakers, foreign and domestic investors, representatives of businesses, and international organizations. According to organizers, the forum aims to address critical questions, such as how to prevent economic downturns, adapt to changes in global trade, encourage investment, and protect the rights of investors.


Prime Minister of Mongolia Zandanshatar Gombojav opened the forum, presenting the Government policies, the progress of major investment and infrastructure projects, and short- and mid-term goals, including the goal to become an energy-exporting country within the next five years.


The Prime Minister stated, “The Government aims to diversify the economy and double GDP within the next decade. Mongolia ranks among the top ten countries globally in terms of natural resources and is rich in rare earth elements. We are ready to support open, mutually beneficial, and trustworthy investment and implement sound mining policies. Mongolia must become a country that welcomes investors and upholds trust, not one that discourages them. Only when investors themselves declare that Mongolia is an investor-friendly country can we say that we have created a healthy business environment. The new Cabinet will place specific focus not only on mining but also on developing agriculture, renewable energy, and tourism. We will also accelerate the digital transformation to ensure prompt and transparent public services to citizens and businesses.”


Director General of the Investment Policy Department at the Ministry of Economy and Development of Mongolia, Anar Bat-Ireedui, noted that "The Ministry is working on attracting and protecting investment, improving the business environment, and diversifying the economy and exports. Negotiations on trade agreements are ongoing with Japan and the Eurasian Economic Union in pursuit of economic diversification. In his keynote address, Prime Minister Zandanshatar Gombojav stated that future investments will be carried out through public-private partnerships and proposed implementing mining and non-mining mega projects based on private investment. This indicates that the Government will continue to pursue its policy consistently. The 100-Day Government Action Plan includes the submission of key draft laws aimed at improving the investment and business environment, such as draft laws on investment, public-private partnership, the Chamber of Commerce and Industry, and green finance. The Ministry is currently formulating this law package. "


On the second day, the Mongolia Economic Forum 2025 continues with discussions under the themes “Sustainable Development and the New Economy,” “Digital Era, Artificial Intelligence and Data Infrastructure,” and “Renewable Energy: Challenges and Solutions.”






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