Mongolia’s GDP growth is expected at 15% and described as one of the most exciting investment prospects in 2014, according to foreign forecasts
Home pageMongolia’s GDP growth is expected at 15% and described as one of the most exciting investment prospects in 2014, according to foreign forecasts
Last week, the UK's most trusted and established international property investment advisor Property Frontiers has released the "Global Property Markets" 2014 Predictions.
According to Predictions, Mongolia is described as one of the most exciting investment prospects for the year ahead and as one of the fastest growing economies in the world after ratifying the Investment Law in 2013 in order to make the country more attractive to foreign investors.
"Mongolia has rocketed from being a largely nomadic and relatively unknown country, at least in investment terms, to being a key hotspot due to the discovery of its incredible mineral reserves, worth an estimated 1.5 trillion USD. The wealth generated by the mining industry has flowed rapidly through the country, with the result that demand for high end accommodation and western style luxury shopping and leisure facilities has increased at an incredible pace. This will be an exciting country to watch as developers try to keep up with the Mongolian population's demands", the Predictions points out.