- Renewable Energy & Green Transition: Solar, wind and sustainable infrastructure projects.
- Agriculture & Agribusiness: Meat processing, cashmere and organic product exports.
- Tourism & Hospitality: Eco-tourism, cultural heritage and hotel infrastructure.
- Mining & Heavy Industry: Mineral processing and value-added manufacturing.
- Information & Communication Technology (ICT): Digital transformation and tech hub developments.
- Sector Profiles & Market Insights
- Investment & Business Guides
- Market & Industry Reports
- Success stories
- FAQs
Investment & Business Guides
Your guide to invest in Mongolia
Investor Guide Book 2024
Find all you need to know about business in Mongolia
Investor Guide Book 2024 / Brief
Find all you need to know about business in Mongolia
Investment and Trade Agency of Mongolia / Introduction
Find all you need to know about business in Mongolia
Investor Guide Book 2024 | Detail
Find all you need to know about business in Mongolia
Investor Guide Book 2023 EN | Brief
Find all you need to know about business in Mongolia
Investor Guide Book 2023 CN | Brief
Find all you need to know about business in Mongolia
Investor Guide Book 2023 KR | Brief
Find all you need to know about business in Mongolia
Investor Guide Book 2023 RU | Brief
Find all you need to know about business in Mongolia
Investor Guide Book 2023 | Detail
Find all you need to know about business in Mongolia
Investment Guide 2020
Find all you need to know about business in Mongolia
Investment Guide 2020 (Chinese)
Find all you need to know about business in Mongolia
Investment Proposals
Project Pitchbook 2021
Mining, Heavy industry, Agriculture, Light industry
Project Pitchbook 2020
Mining, Heavy industry, Agriculture, Light industry
Project Pitchbook 2019
Mining, Heavy industry, Agriculture, Light industry
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Market & Industry Reports
Foreign Direct Investment Statistics
Access foreign direct investment statistics by navigating to the “External Sector” section of the Bank of Mongolia Statistical Database.
- Balance of Payments
- International Investment Position
- Direct Investment Survey
- Portfolio Investment Survey
Measuring foreign direct investment | OECD
Foreign Direct Investment (FDI) lies at the heart of globalization, serving as a critical channel for the flow of capital, goods, services, and information across national borders.
Foreign direct investment, net inflows (% of GDP) | Data – Investments Breakdown by Country and Sector
Provides comprehensive access to investment data by country and sector, including its share of GDP, as well as personal income and expenditure statistics.
Reports & Research
For more detailed information from reliable sources on various international investment topics, you can access reports and research from the following organizations.
World Investment Report (UNCTAD)
The World Investment Report provides critical data on foreign direct investment volumes alongside actionable strategies designed to align capital flows with sustainable and inclusive development goals.
2025 Investment Climate Statements – United States Department of State / U.S. Investment Climate Statements/
The Investment Climate Statements serve as a key resource for U.S. investors and organizations working to establish a fair and equitable business environment for domestic and international investors alike.
EIB Investment Report 2025/2026: Capitalising on Europe’s strengths / European Investment Report/
Published annually based on the European Investment Bank Group Survey on Investment (EIBIS), this report provides a comprehensive overview of the developments and drivers of investment and investment financing across the European Union.
Success stories
Oyu Tolgoi Project
Located in the South Gobi region, the Oyu Tolgoi project is recognized as one of the world’s largest copper-gold mines. The project is operated by Oyu Tolgoi LLC, which is 66% owned by Turquoise Hill Resources and 34% by Erdenes Oyu Tolgoi LLC, a state-owned enterprise representing the Government of Mongolia.
Rio Tinto holds a controlling 51% stake in Turquoise Hill Resources and actively manages operations. With an estimated total investment cost of £5–5.8 billion ($6.5–7.5 billion), the mine has an expected lifespan exceeding 50 years.
In 2019, the Oyu Tolgoi mine processed a total of 40.8 million tonnes of ore:
- 146,346 tonnes of copper
- 241,840 ounces of gold
Key Highlights
- Location: Tsogttsetsii Soum, Umnugobi Province, Mongolia
- Investment: $12 billion
- Investors: Rio Tinto, Turquoise Hill Resources, Government of Mongolia (34%)
- Developer: Oyu Tolgoi LLC
- Objective: The Oyu Tolgoi project is being implemented in two phases, with Phase 1 comprising the Oyut open-pit mine, concentrator and associated infrastructure.
Background & Objectives
First concentrate from the open-pit mine was produced in December 2012, with the maiden export shipped in July 2013. As of July 2018, approximately 4 million tonnes of concentrate had been exported to China from the open-pit operation.
The underground mine development agreement for Phase II of Oyu Tolgoi was signed in May 2015, followed by project financing closure in December 2015. This phase encompasses the Hugo Dummett deposit, which includes the Hugo North, Hugo South, and Heruga deposits.
Phase II construction commenced in May 2016, with first production from the underground mine originally targeted for completion by the end of 2021. As of October 2019, construction of two of the five planned underground shafts—including the main production shaft (Shaft 2)—had been completed, while development work on Shafts 3 and 4 remained underway. Upon reaching full capacity (projected for approximately 2027), the underground operation is expected to produce more than 500,000 tonnes of copper per annum, alongside gold as a byproduct at an average grade of 0.35 g/t.
Development and Project Finance
In December 2015, Turquoise Hill Resources successfully secured a project financing package totaling £3.4 billion (approximately $4.4 billion) from a consortium of international lenders for the underground development project at Oyu Tolgoi.
This lender group comprised:
- 15 commercial banks
- International financial institutions
- Export credit agencies representing the governments of Canada, the United States and Australia
In addition, lenders provided supplemental debt financing of $1.6 billion for the project.
Strategic Significance
Within the infrastructure framework of the Oyu Tolgoi underground project, site accessibility is provided via unpaved roads connecting to Ulaanbaatar and nearby settlements near the Chinese border. Furthermore, the project is situated near the planned South Gobi railway alignment and is accessible by air through Khanbumbat Airport.
The project’s power requirements are currently supplied by Inner Mongolia Power International Cooperation Co., Ltd. via the Mongolian national electricity transmission grid.
Tavantolgoi Power Plant Project
The Tavantolgoi Power Plant Project is a major energy infrastructure initiative of Mongolia aimed at providing a reliable power supply for mining operations in the South Gobi region. This project was developed to reduce Mongolia’s dependence on imported electricity and to expand domestic power generation, specifically leveraging the vast coal deposits of Tavantolgoi.
Key Highlights
- Location: Tsogttsetsii Soum, Umnugovi Aimag, Mongolia
- Investment: Approximately $900 million
- Investors: Rio Tinto, Oyu Tolgoi LLC
- Capacity: 450 megawatts (planned)
- Fuel Type: Coal-fired (utilizing coal from the Tavantolgoi deposit)
- Developer: Energy Resources LLC (a subsidiary of MCS Group)
- Objective: To supply electricity to the Tavantolgoi deposit mines and the regional power grid.
Background & Objectives
This project was initially launched in the early 2010s as part of a strategic initiative to enhance Mongolia’s energy independence.
The Tavantolgoi coal deposit is considered one of the world’s largest undeveloped coking coal reserves, which created a strong need for a reliable, locally sourced power supply in the region.
The power plant aims to supply electricity to the mines of Erdenes Tavantolgoi and other major industrial consumers.
Development and Project Finance
Following several delays related to financing and environmental impact assessments, the Government of Mongolia reaffirmed its commitment to executing the project in the late 2010s.
The financing of the project is being executed through a combination of public and private investments. Furthermore, the project is planned for implementation under an integrated engineering, procurement, construction and operations contract.
Furthermore, transmission line infrastructure facilities connecting the national electricity grid with the Oyu Tolgoi region are planned for simultaneous development.
Strategic Significance
Upon commissioning, the power plant will be capable of replacing electricity imports from China for mines in the South Gobi region, thereby enhancing Mongolia’s energy security and industrial competitiveness.
Furthermore, this project reflects Mongolia’s broader ambition to expand its domestic power generation capacity; however, it also faces ongoing criticism and scrutiny regarding its environmental impact and long-term sustainability in light of global carbon reduction trends.
FAQs
What is the Investment and Trade Agency?
The Investment and Trade Agency is a government organization responsible for attracting and supporting foreign and domestic investment in Mongolia, as well as promoting export and trade development.
What services are provided to investors?
- Providing information on the investment environment
- Offering project advisory and strategic guidance
- Assisting in identifying business partners
- Facilitating liaisons with government agencies
- Streamlining permits and registration via One-Stop Services
What is “One-Stop Services”?
This service enables investors to access all necessary services—including registration, permits, and advisory support—from a single point of contact without having to navigate multiple government agencies
What support is provided for making investments?
- Legal and regulatory advisory services
- Project implementation support
- Streamlining the permitting process
- Inter-agency coordination with relevant government bodies
- Business environment intelligence and market research
Are there specific advantages for foreign investors?
Mongolia maintains a non-discriminatory policy between domestic and foreign investors. However, the Investment and Trade Agency provides foreign investors with:
- Market intelligence and insights
- Legal and regulatory interpretations
- Partner identification and matchmaking
How are investment projects supported?
From project concept to implementation:
- Conducting research and providing advisory services
- Facilitating connections with government agencies
- Accelerating the permitting process
- Advising on potential incentives and support mechanisms
Which sectors are prioritized for investment support?
The government primarily prioritizes and supports the following sectors:
- Mining and mineral processing
- Agriculture and food processing
- Renewable energy
- Logistics and transportation
- Information technology (IT)
Where should investors apply to make an investment?
Investors can contact the Investment and Trade Agency directly to:
- Receive advisory services
- Present project proposals
- Request investment support
