The Cabinet Meeting was held on Sainshand Complex. The meeting made decision to appoint working group (Cabinet Secretariat and MP Ch.Khurelbaatar) on establishment of Sainshand Industrial Complex in charge of amending related laws and regulations in order to support industrial parks in Sainshand and other regions with investment policy, intensifying the activities to allow the participation of local companies and monitoring its implementation.
Coking coal, metallurgy, coal gas, copper smelting, construction material and oil processing factories with up to date facilities and high technology will be built in Sainshand Industrial Complex through attracting private investment. Upon completion of such activities, the opportunity to increase production capacity, decrease import in cement, metallurgy product and produce oil product in Mongolia, allowing stable petroleum price, will be formed.
A modern city with industrial complex, infrastructure, engineering and social amenities, green technology and profound urban planning that can be competitive in the international level, will be established as result. The complex project requires over $10 billion in next 5 years. In order to form condition of attracting potential investors and conducting firm and solid feasibility study, internationally recognized and well known consultant will be selected through open tender bid.