1 MONGOLIA’S FIRST LARGE-SCALE WASTEWATER RECYCLING PLANT OPENS WWW.MONTSAME.MN PUBLISHED:2026/03/17      2 ULAANBAATAR READY TO ACCEPT PRIVATE INITIATIVES TO REDUCE AIR POLLUTION AND TRAFFIC CONGESTION WWW.GOGO.MN PUBLISHED:2026/03/17      3 ‘WE ARE BEING SILENCED’: MONGOLIAN POLITICIANS FACE JAIL AFTER VOTE CALLING FOR PM TO RESIGN WWW.THEGUARDIAN.COM PUBLISHED:2026/03/17      4 KOREA COMPLETES PRE-FEASIBILITY STUDY FOR MONGOLIA RAIL PROJECT WWW.EN.SEDAILY.COM PUBLISHED:2026/03/17      5 ULAANBAATAR TO EXPAND COOPERATION WITH FRANCE IN URBAN DEVELOPMENT WWW.MONTSAME.MN PUBLISHED:2026/03/17      6 SPRING SESSION TO TACKLE ECONOMIC CHALLENGES, TAX REFORM, GOVERNANCE ISSUES WWW.MONTSAME.MN PUBLISHED:2026/03/17      7 MONGOLIAN MINING CORPORATION ANNOUNCES 2025 ANNUAL RESULTS WWW.STOCKTITAN.NET PUBLISHED:2026/03/17      8 SOLAR POWER PLANT TO BE BUILT IN THE WESTERN REGION WWW.MONTSAME.MN PUBLISHED:2026/03/17      9 ECONOMIC GROWTH REMAINS STRONG AS FOREIGN INVESTMENT DECLINES WWW.MONTSAME.MN PUBLISHED:2026/03/17      10 HILTON ENTERS MONGOLIA WITH THE SIGNING OF CONRAD ULAANBAATAR, MARKING A NEW CHAPTER FOR LUXURY HOSPITALITY IN THE CAPITAL WWW.MARKETSCREENER.COM PUBLISHED:2026/03/17      “ОЮУТОЛГОЙН ШИНЭ ХЭЛЭЛЦЭЭ: МОНГОЛЫН ТАЛ ЭНЭ УДАА БУЦАХГҮЙ” WWW.EAGLE.MN НИЙТЭЛСЭН:2026/03/17     Х.ГАНХУЯГ: "ШИНЭ ХОРШОО"-ГООР 894 ТЭРБУМЫН ЗЭЭЛ ОЛГОСОН. ЦААШИД ЗЭЭЛИЙГ ТҮР ЗОГСООНО WWW.EGUUR.MN НИЙТЭЛСЭН:2026/03/17     САРЫН ДУНДАЖ ЦАЛИН ₮2.8 САЯ, ГОЛЧ ЦАЛИН 2.4 САЯ ТӨГРӨГ БАЙНА WWW.EGUUR.MN НИЙТЭЛСЭН:2026/03/17     МОНГОЛ, АНУ-ЫН ХАРИЛЦАА, ХАМТЫН АЖИЛЛАГААГ БҮХИЙ Л САЛБАРТ ӨРГӨЖҮҮЛЭХЭД ОНЦГОЙ АНХААРЧ АЖИЛЛАХАА ИЛЭРХИЙЛЭВ WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/03/17     АНУ-ЫН МЯНГАНЫ СОРИЛТЫН КОРПОРАЦ МОНГОЛД ДАХИН БУЦАЛТГҮЙ ТУСЛАМЖ ҮЗҮҮЛЭХ ҮҮ? WWW.EAGLE.MN НИЙТЭЛСЭН:2026/03/17     БАРУУН БҮСЭД СЭРГЭЭГДЭХ ЭРЧИМ ХҮЧНИЙ НАРНЫ ЦАХИЛГААН СТАНЦ БАРИНА WWW.MONTSAME.MN НИЙТЭЛСЭН:2026/03/17     ТРАССТ ӨРТӨЖ БУЙ ГАЗАР АШИГЛАГЧДЫН ГАЗАР АШИГЛАХ ЭРХИЙГ ХЭСЭГЧЛЭН ЦУЦАЛНА WWW.GOGO.MN НИЙТЭЛСЭН:2026/03/16     "УЛААНБААТАР МЕТРО"-НЫ БАРИЛГА УГСРАЛТЫН ГҮЙЦЭТГЭГЧИЙГ ШАЛГАРУУЛАХ ТЕНДЕРИЙГ 07.03-НД НЭЭНЭ WWW.GOGO.MN НИЙТЭЛСЭН:2026/03/16     ЖУУЛЧДЫН ТОО ӨНГӨРСӨН ЖИЛЭЭС 38,6 ХУВИАР ӨСЖЭЭ WWW.EGUUR.MN НИЙТЭЛСЭН:2026/03/16     ХАЯГДАЛ УС ДАХИН БОЛОВСРУУЛАХ ҮЙЛДВЭР АШИГЛАЛТАД ОРЛОО WWW.EAGLE.MN НИЙТЭЛСЭН:2026/03/16    
Англи амин дэм Монгол улсад албан ёсоор бүртгэгдлээ.

Events

Name organizer Where
MBCC “Doing Business with Mongolia seminar and Christmas Receptiom” Dec 10. 2025 London UK MBCCI London UK Goodman LLC

NEWS

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Mongolia’s First Large-Scale Wastewater Recycling Plant Opens www.montsame.mn

A ceremony was held on March 16 to mark the official opening and launch of operations of Mongolia’s first large-scale Wastewater Recycling Plant.

The plant was constructed next to the new Central Wastewater Treatment Plant as part of the “Wastewater Recycling Project,” one of the three main projects under the Mongolia Water Compact (Compact II) agreement between the Government of Mongolia and the Millennium Challenge Corporation (MCC) of the United States.

In his opening remarks, President Khurelsukh Ukhnaa stated, “Today we gather here to witness a historic moment—the opening of Mongolia’s first large-scale Wastewater Recycling Plant, one of the two major infrastructure projects under the Water Compact, which symbolizes the strategic partnership between Mongolia and the United States. The commissioning of this plant represents the achievement of a major objective outlined in Mongolia’s National Security Concept, long-term development policies, and water policies in the Government's Action Plan, enabling our country to recycle wastewater and use it in energy production. This initiative not only represents the first-ever large-scale use of recycled water in Mongolia’s energy sector but also paves the way for other industries to reuse wastewater in the future. By doing so, we will conserve our groundwater resources for future generations.”

The Second Millennium Challenge Compact Agreement (Mongolia Water Compact) was signed on July 27, 2018. The program was funded by USD 350 million in grants from the U.S. government and USD 111.7 million from the Government of Mongolia.

The project aims to increase Ulaanbaatar’s water supply by up to 50 million cubic meters per year. Over the next 30 years, it will help provide stable and safe drinking and household water to more than 2.4 million residents of the city. It is also the largest investment in Mongolia’s water sector in the past 30 years.

As part of the “Wastewater Recycling Project,” Mongolia built its first large-scale wastewater recycling plant, along with 12 km of water transmission pipelines, a water storage tank, a booster pumping station, and related infrastructure. The plant will receive 50,000 cubic meters of treated wastewater per day – up to 18 million cubic meters annually- from the new Central Wastewater Treatment Plant, recycle it, and supply it for technical uses, including ash handling and cooling power operations, at Thermal Power Plants III and IV.

The plant was built with funding from the Government of Mongolia, with the dedication and expertise of Mongolian engineers and technical assistance from American experts.

The opening ceremony brought together high-level representatives from both countries, including the President of Mongolia, Khurelsukh Ukhnaa, U.S. Assistant Secretary of State for East Asian and Pacific Affairs Michael G. DeSombre, Minister of Foreign Affairs Battsetseg Batmunkh, Minister of Finance and Chair of the Board of Millennium Challenge Account Mongolia Javkhlan Bold, Governor of the Capital City and Mayor of Ulaanbaatar, Nyambaatar Khishgee, as well as other senior officials from the Governments of Mongolia and the United States. Representatives from the Municipality of Ulaanbaatar, the U.S. Millennium Challenge Corporation, Millennium Challenge Account–Mongolia, the Ulaanbaatar Water Supply and Sewerage Authority (USUG), the project contractors, partner organizations, and other stakeholders were also present at the event.

Through the project, the use of recycled water will be introduced into the energy sector, which is the largest water user in Ulaanbaatar. This will help manage limited water resources more efficiently and strengthen the city’s ability to deal with future challenges such as urbanization and population concentration.

Recycling wastewater will also create a new source of water supply for Mongolia, help preserve underground water resources, and support the ecosystem of the Tuul River, bringing valuable environmental benefits. 

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Ulaanbaatar ready to accept private initiatives to reduce air pollution and traffic congestion www.gogo.mn

The “Ulaanbaatar- Investment” forum, running from 16–20 March 2026, showcased major public–private projects for the capital and introduced international and domestic investors to opportunities to partner on infrastructure and service delivery, officials said. The event, organised by the Ulaanbaatar Chamber of Commerce together with Ulaanbaatar Partnership Center LLC, aims to explain Mongolia’s regulatory framework for investors and to match firms seeking financing with relevant public bodies.

Speaking at the forum, T.Davaadalai, first deputy governor for economic development and infrastructure of Ulaanbaatar, said the city is following international best practice by deepening cooperation between the public and private sectors. “We are working with the private sector on major construction projects in the capital and are ready to consider new project proposals to tackle urgent problems such as air pollution and traffic congestion,” he said, stressing that the forum also provides practical information on the laws and procedures needed to operate in Mongolia.

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‘We are being silenced’: Mongolian politicians face jail after vote calling for PM to resign www.theguardian.com

Former deputy speaker describes situation as absurd after being charged with ‘effort to unlawfully seize state power’
A number of younger Mongolian politicians, including many women, are facing the threat of extended jail sentences for their role in challenging the country’s political leadership, in what they claim are early skirmishes in a battle to prevent a slide into authoritarianism.

The dispute forms part of a factional power struggle in the ruling party that is threatening to weaken Mongolia, one of the few democracies in the region, as it seeks to navigate a foreign policy independent of neighbouring Russia and China.

The former deputy speaker of the parliament, Yale-educated Bulgantuya Khürelbaatar, told the Guardian she was facing the threat of 12 to 20 years in jail after being charged with the criminal offence of “an organised effort to unlawfully seize or retain state power”. She described the charge as absurd and unprecedented in Mongolia.

She also says she has been banned from leaving the country and had restrictions placed on her movements inside Mongolia. The charges have been brought with the help of the country’s state intelligence agency.

Mongolia is rich in minerals, and allegations of political corruption have led to a recent extended period of political infighting in the ruling Mongolia People’s party. There is also a generational divide within the MPP, with a younger group of reformists, including some educated abroad, challenging the traditional leadership.

The charge relates to Bulgantuya’s role as the chair of a vote in parliament in October in which a majority of MPs were declared to have voted for the prime minister, Zandanshatar Gombojav, to stand down, only four months into the job.

The vote related to a dispute over changes to the mineral exporters tax regime, which opponents of the prime minister said would benefit wealthy exporters and lower state income.

Bulgantuya says the procedure for the vote was in line with precedent, including a comparable vote in 2021.

President Ukhnaagiin Khürelsükh, an ally of the prime minister, vetoed the parliament’s decision to oust Zandanshatar.


At the same time, Zandanshatar’s cabinet secretary appealed to Mongolia’s constitutional court, which found that the parliamentary vote had used an incorrect voting formula and that the quorum count at the start of the proceedings had been manipulated.

The court ruling was not subject to appeal. Bulgantuya was given less than two days to prepare her defence at a hearing, largely occurring behind closed doors, and she says she was not given the right to legal counsel.

“It is absurd to claim that I have tried to seize state power when state power lies with the parliament, and I was fulfilling the wishes of the parliament,” she said. Her lawyers added: “Parliamentary supremacy lies at the very heart of Mongolia’s system of checks and balances and represents a cornerstone of its constitutional democracy.”

She has already been forced to stand down as deputy speaker and been expelled from the MPP. In a further step, a draft bill has now been tabled by Khurelsükh that will end the immunity of some MPs if their party deems they have behaved unethically.

Enkhbat Bolormaa, another parliamentary critic of the prime minister and the first female governor in Mongolia’s history, said: “This is an absolute test case of Mongolia’s democracy, its constitution and our ability to practise our rights as parliamentarians. What we did was hold the prime minister accountable for granting unlawful tax concessions to a handful of powerful mining conglomerates, and we are now being silenced for it.”

In a complaint, the inter-parliamentary union human rights body claimed power “is being centralised in an executive body with the result that reform-oriented independent minded and especially young parliamentarians face growing pressure, intimidation and retaliation for exercising their constitutional mandates”.

Mongolia’s previous prime minister, Oyun-Erdene Luvsannamsrai, stepped down last summer after three weeks of anti-corruption street protests that led him to lose a vote of confidence. He said this week: “What exactly did Kh. Bulgantuya do wrong? If leading a parliamentary meeting turns you into a criminal, do we even need parliamentary democracy? Leading a meeting and displeasing someone isn’t a crime. The scale of all this is getting way out of hand.”

Frequent leadership turnover has become a norm in Mongolia. In three decades of democracy, only two governments have completed full four-year terms, with governments lasting an average of 1.8 years.

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Korea Completes Pre-Feasibility Study for Mongolia Rail Project www.en.sedaily.com

Korea National Railway (KR) announced Thursday it held the final presentation for the pre-feasibility study on the Ulaanbaatar-Kharkhorin railway construction project in Mongolia.

The study, launched in May 2025 under the K-IRD (Korea International Railway Development) program, aims to connect Mongolia's capital with its new administrative capital Kharkhorin. The project seeks to address population concentration in Ulaanbaatar while supporting development of the new administrative hub.

K-IRD is a program that supports applicants through public offerings to facilitate Korean railway's overseas expansion and new project development.

KR completed the preliminary railway survey through the study, which included traffic demand forecasting, railway alignment planning and alternative route analysis, structural planning, technical feasibility review, and economic and financial analysis.

"We plan to actively pursue cooperation with international financial institutions so that these study results can lead to a full feasibility study," said Lee An-ho, acting chairman of KR. "We hope K-Railway will further strengthen its position in the global railway market."

KR has continued to demonstrate its technical competitiveness in Mongolia, successfully opening the Tavan Tolgoi-Zuunbayan signaling system project in 2023 and winning the approximately 58 billion won ($40 million) Ulaanbaatar Metro PMC contract in 2024.

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Ulaanbaatar to Expand Cooperation with France in Urban Development www.montsame.mn

Mongolia continues to expand its cooperation with France in urban planning, infrastructure, and sustainable city development year by year.

In this context, the Governor of the Capital City and Mayor of Ulaanbaatar, Nyambaatar Khishgee, received a delegation led by the Ambassador of the French Republic to Mongolia, Corinne Pereira Da Silva, and exchanged views on strengthening bilateral cooperation.

During the meeting, Mayor Nyambaatar said, “France is our third neighbor and an important partner in Europe. Ulaanbaatar city is focusing on elevating its relations and cooperation with Paris and other cities to a new level. Specifically, meetings were held in Paris and Lyon in January this year as part of the Ulaanbaatar metro and cable car transport projects. I am confident that our cooperation will continue to expand and develop into a comprehensive strategic partnership.”

Ambassador Corinne Pereira expressed her readiness to fully support further strengthening bilateral cooperation.  

This year marks the 61st anniversary of the establishment of diplomatic relations between Mongolia and the French Republic. 

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Spring Session to Tackle Economic Challenges, Tax Reform, Governance Issues www.montsame.mn

The State Great Khural (Parliament) of Mongolia opened its regular spring session on March 16, 2026.

President Khurelsukh Ukhna, Prime Minister Zandanshatar Gombojav, the Chair of the Constitutional Court, the Chief Justice of the Supreme Court, the Prosecutor General, members of the Cabinet, the Chief of the President’s Office, heads of the Capital City administration and organizations reporting directly to Parliament, as well as heads of diplomatic missions and resident representatives of international organizations accredited to Mongolia attended the opening session. For the first time, representatives of citizens were also invited to attend the opening of the parliamentary session.

Opening the spring session, Chairman of the State Great Khural Uchral Nyam-Osor noted that the session was beginning at a particularly important moment. He stressed that the current parliament, composed of 126 members, has reached the midpoint of its term, and that the remaining time requires members to work with a high sense of responsibility, productivity, and initiative. Amid global tensions and mounting challenges, he emphasized that lawmakers must unite around national interests and justice rather than divide along party or factional lines.

He also underlined the importance of upholding the reputation of a democratic parliament that is transparent, accountable, creative, free from corruption, and not privileged above citizens. He noted that the Mongolian people are demanding stronger protection of the fundamental human rights enshrined in the Constitution and the removal of obstacles that hinder citizens’ ability to work and create.

Taking into account current economic and social conditions as well as domestic and international factors, the speaker stated that the spring session would focus on addressing key issues and solutions aimed at revitalizing the economy and improving people’s livelihoods.

In particular, parliament will prioritize amendments to the Law on Permits and more than 90 related laws, draft legislation on Economic Freedom, bills aimed at removing obstacles to investment, the tax reform package, and amendments to the Law on Banks and the Law on the Central Bank. He also highlighted the need to adopt legislation introducing the judge-led evidence principle to ensure that matters concerning the best interests of children are thoroughly and objectively established. In addition, revised drafts of the Family Law and a Private Supplementary Pension Law will be developed, discussed, and adopted.

He further stressed the need to amend the Health Insurance Law to ensure the financial sustainability of the health insurance system, improve governance and operations of the National Health Insurance Council, and strengthen the independence, transparency, accountability, and oversight of the insurance fund. Amendments to the Law on Health Care Services will aim to improve the quality, accessibility, and safety of medical services, promote public health and healthy lifestyles, and enhance primary health care. The speaker also called on lawmakers to engage in constructive debate during the spring session to establish a sound legal environment for combating corruption.

Speaker Uchral also noted that during the parliamentary recess, the Secretariat of the State Great Khural introduced the e.parliament.mn platform to enhance transparency, digitalization, and evidence-based parliamentary activities. The platform provides real-time public access to information on members’ attendance, voting records, meeting schedules, submitted draft laws, and participation in working groups. A big-data statistical dashboard containing over 160 indicators across 12 sub-groups in four key economic and social sectors has been launched.

Following the Speaker’s address, the National Anthem of Mongolia was played.

President Khurelsukh then delivered remarks. Amid changes in the global order, new challenges facing the international system, and economic difficulties, he emphasized the importance of strengthening national unity, maintaining consistent policies, and exercising discipline and responsibility to overcome the current challenges.
The President stated that the legislation to be discussed during the spring session should focus on minimizing potential economic difficulties, increasing fuel and energy supply, improving productivity in the mining and industrial sectors, opening new export markets, raising citizens’ incomes, and improving the tax environment to ensure the stable operation of businesses and taxpayers.

He also noted that he had submitted to Parliament a draft law amending the Law on the State Great Khural within the scope of his constitutional powers. The bill aims to enhance the ethics and accountability of members of parliament, restore public trust in state institutions, strengthen national unity, and further consolidate democratic parliamentary governance and parliamentary integrity.

The President emphasized that the strength of parliamentary immunity ultimately rests not on legal protection but on the trust and confidence of the people. Ignoring this trust and provoking public dissatisfaction, he warned, poses a danger that could undermine parliament from within.

He noted that adopting the proposed law would increase public trust in government, strengthen public oversight and participation in parliament, improve accountability among political parties, coalitions, and members of parliament, reduce populism, and raise the standards required of candidates.

The President added that while Mongolians launched the democratic revolution in 1990, the Year of the White Horse, in pursuit of freedom, this Year of the Fire Horse should mark the beginning of an “ethical revolution” aimed at strengthening Mongolia’s democratic governance.

The opening ceremony of the 2026 spring regular session of the State Great Khural then concluded, reported the State Great Khural’s Press Office.

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Mongolian Mining Corporation Announces 2025 Annual Results www.stocktitan.net

Mongolian Mining Corporation (“MMC” or the “Company”, and together with its subsidiaries, the “Group”; stock code: 975), the largest producer and exporter of washed coking coal products in Mongolia, today announced its annual results for the year ended 31 December 2025 (“FY2025” or the “Year”).

The Group generated a total revenue of USD823.4 million in FY2025 (FY2024: USD1,039.9 million), of which USD792.1 million (FY2024: USD1,039.9 million) was generated by its coking (metallurgical) coal operations and USD31.3 million (FY2024: Nil) was generated by its gold and metals operations.

The Group sold a total of 10.1 million tonnes (“Mt”) of coal products in FY2025, comprising of 4.9 Mt washed hard coking coal, 0.5 Mt washed semi-soft coking coal and 2.9 Mt of washed mid-ash semi-hard coking coal. The Group’s average selling price (“ASP”) for all washed coal products sold under various delivery terms, was USD82.2 per tonne in FY2025.

The Group sold to the Bank of Mongolia and its designated commercial banks 7,434 oz of gold and 2,634 oz of silver in 2025, generating total revenue of USD31.3 million. Weighted ASP was USD4,187 per oz for gold and USD54 per oz for silver, respectively.

The Group’s gross profit for the Year was approximately USD144.0 million (FY2024: 411.7 million). The profit attributable to equity shareholders of the Company for FY2025 was USD6.1 million (FY2024: USD242.0 million). The decline in earnings was primarily due to a lower ASP of washed coking coal products.

Dr. Battsengel Gotov, Chief Executive Officer of MMC, said, “We remain steadfast in our pursuit of the key strategies that underpin our position as the largest internationally listed private mining company with operations focused on and located in Mongolia. Despite near-term volatility in the coal market, we are encouraged by the improved sentiment observed in the second half of the Year. The commencement of gold production at our Bayan Khundii mine marks a significant milestone, reinforcing our confidence in a robust outlook and providing a new avenue for revenue diversification. As we move forward, our focus remains on executing a prudent financial policy to maintain a strong balance sheet, while simultaneously advancing initiatives to expand our operational footprint and identify strategic investment opportunities within Mongolia.”

About Mongolian Mining Corporation (Stock code: 975)

Mongolian Mining Corporation (“MMC” or the “Company”, or and together with its subsidiaries, “the Group”, SEHK: 975; OTCQX: MOGLF) is the largest internationally listed private mining company with operations focused on and located in Mongolia. The Group has consolidated a diversified business portfolio to develop and operate coking (metallurgical) coal, gold, copper, and other non-ferrous metals mining assets in southern and western regions of Mongolia. The Group is the largest producer and exporter of washed hard coking coal in Mongolia. It owns and operates the Ukhaa Khudag and the Baruun Naran open-pit coking coal mines, both located in the Umnugobi aimag (South Gobi province), Mongolia.

MMC owns 50% equity interest in Erdene Mongol LLC, which holds two mining licenses, including Bayan Khundii and one exploration license located in Bayankhongor aimag (province), Mongolia. MMC also owns 50.5% equity interest in Universal Copper LLC, which holds three mining licenses located in Bayankhongor aimag (province), Mongolia.

MMC was listed on The Stock Exchange of Hong Kong Limited in October 2010. To learn more about the Group, please visit MMC’s website at: www.mmc.mn.

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Solar Power Plant to Be Built in the Western Region www.montsame.mn

Under the “Upscaling Renewable Energy Sector Project” implemented by the Ministry of Energy with financing from the Asian Development Bank, a contract has been signed on a turnkey basis with China’s Zhongtian Photovoltaic Technology and Jiangsu Zhongtian Technology companies to construct a 19.8 MW solar power plant with an 8 MWh battery energy storage system in Myangad soum of Khovd aimag.

The selected contractor is one of China’s leading enterprises, operating in numerous countries with more than 80 subsidiaries and approximately 16,000 employees. The company also has prior experience in Mongolia, having served as the contractor for the country’s first large-scale battery energy storage project. This project will be financed through a loan from the Asian Development Bank and a grant from the Climate Investment Funds, with 40 percent of the total financing provided through the grant component via the ADB, underscoring its significance. The Ministry of Energy and the Project Implementation Unit will oversee the project, and the plant is scheduled to be commissioned within 300 days.

This marks the fifth energy source being developed by the Ministry of Energy in the western region under the renewable energy expansion project. The Myangad solar power plant is expected to generate 39.3 million kWh of electricity annually, reduce imports by approximately 17 percent, and save around USD 2.0 million each year. It will also cut greenhouse gas emissions by 34,600 tonnes annually. During the construction phase, more than 150 temporary jobs will be created, with 14 permanent positions to be established upon completion.

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Economic Growth Remains Strong as Foreign Investment Declines www.montsame.mn

Mongolia’s economy grew by 6.8 percent last year, with nominal GDP reaching MNT 89.9 trillion, reflecting a positive performance. However, the volume of foreign direct investment (FDI) has declined.

Specifically, FDI amounted to USD 1.36 billion in the first half of 2025, marking a decrease of 39 percent, or USD 870 million, compared to the same period in 2024. This decline was influenced not only by global economic conditions but also by an unstable legal environment and reduced investment in the mining sector.

According to international statistical reports, total FDI stood at approximately USD 2.8 billion last year. The majority of this investment was directed toward mining, energy, construction, transport and logistics, oil refining, and industrial projects.

As part of efforts to improve the investment climate, the Government is implementing the “300-Day Plan to Deliver Economic Growth to Citizens,” aimed at enhancing the business environment, supporting the private sector, and ensuring sustainable economic growth in a phased manner. This was highlighted by Deputy Minister of Economy and Development Davaasuren Sodnomdarjaa during the opening of the “Mega Project Presentation and Open Day,” the Ministry reported.

First Deputy Governor of the Capital City in charge of economic development and infrastructure, Davaadalai Tumendalai, emphasized that strengthening public-private partnerships would help advance major economic projects and improve the investment climate. Currently, projects such as “Agro City,” “Hunnu City,” and the “Naluu Ukhaa” economic free zone are being implemented in Ulaanbaatar. These initiatives are expected to support economic growth, advance new urban development policies, create jobs, and attract investment.

The event was organized at the Investor Protection Center under the Ministry of Economy and Development as part of “Ulaanbaatar–Investment Week,” held under the auspices of the Ulaanbaatar Chamber of Commerce. Participants exchanged views on project implementation, the investment environment, and opportunities to expand public-private partnerships. During the event, the Ulaanbaatar Chamber of Commerce and Hunnu City Development Corporation LLC signed a memorandum of understanding to enhance cooperation between the public and private sectors.

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Hilton Enters Mongolia with the Signing of Conrad Ulaanbaatar, Marking a New Chapter for Luxury Hospitality in the Capital www.marketscreener.com

Hilton (NYSE: HLT) today announced the signing of Conrad Ulaanbaatar, marking its entry into Mongolia and introducing a new expression of modern luxury to the nation's dynamic capital. Owned by Eco Construction LLC and managed by Hilton, the 227-room hotel will rise within the Ulaanbaatar Eco Tower, a landmark mixed-use complex that brings together commercial, entertainment, hospitality and upscale lifestyle offerings in the capital city.

Entering Mongolia with Conrad Hotels & Resorts marks a significant milestone in Hilton's continued growth in the region. We are proud to bring Hilton's signature, reliable and friendly hospitality to Mongolia as we expand thoughtfully into high-potential destinations. This signing reflects our commitment to partnering with owners to deliver meaningful, experience-led luxury for today's discerning traveller.

Qian Jin, president, Greater China & Mongolia, Hilton

Situated within the Ulaanbaatar Eco Tower in the heart of the city's central business district, Conrad Ulaanbaatar is scheduled to open in 2028. The luxury hotel will offer a prime location within walking distance of key cultural and commercial landmarks such as Sukhbaatar Square, the National Art Gallery, and the National Academic Drama Theatre. As Ulaanbaatar continues to evolve as a gateway between tradition and modernity, Conrad Ulaanbaatar is poised to become a defining address for global travelers and local tastemakers alike.

This signing marks an important milestone for both Eco Construction and Hilton. Mongolia is globally recognized for its powerful blend of adventure, nature, culture, and spirituality, qualities that continue to inspire travelers seeking immersive and deeply meaningful experiences. With Hilton's global expertise and our shared vision, Conrad Ulaanbaatar will create distinctive, unique experiences that resonate with discerning guests from around the world and contribute to elevating the city's international appeal.

Nyamdavaa Samdan, President of Eco Construction LLC

The property will feature four distinct dining venues, nearly 1,800 square meters of meeting and event space, and comprehensive wellness facilities including an indoor pool and spa, offering a refined luxury experience designed to serve both business and global explorers.

This landmark signing to bring Conrad Hotels & Resorts to Ulaanbaatar meets the city's evolution as a gateway between tradition and modernity. Conrad's bold design approach and intuitive service will bring a contemporary expression of luxury that resonates with globally minded travelers while celebrating the character and culture of the destination.

Candice D'Cruz, vice president, Luxury Brands, Asia Pacific, Hilton

Conrad Ulaanbaatar joins almost 100 trading and pipeline Conrad Hotels & Resorts properties across five continents in iconic destinations, 16 of which are located in Greater China, including in Shanghai, Beijing, Shenyang, Hangzhou, Shenzhen, and Hong Kong SAR. Conrad hotel openings this year include Saudi Arabia, Malaysia and Greece.

Conrad Hotels & Resorts hotels create a seamless connection between bold design, impactful experiences and curated contemporary art, inspiring the conscientious traveler to explore through intuitive service and experiences that authentically connect them with each destination. The signing reflects Hilton's continued confidence in emerging cultural capitals where modern design, global connectivity, and local identity intersect.

Conrad hotels participate in Hilton Honors, the award-winning guest-loyalty program for Hilton's 26 distinct hotel brands. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, exclusive member discounts, free standard Wi-Fi and the Hilton Honors mobile app.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 24 world-class brands comprising more than 7,600 properties and nearly 1.2 million rooms, in 126 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World's Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices for seven consecutive years. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 190 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

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