Mongolia, 22 August 2011: Oxford Business Group (OBG), the global publishing, research and consultancy company, has given its first-time report on Mongolia a boost by teaming up with the Business Council of Mongolia (BCM).
The partnership will see the BCM provide OBG’s editorial and research team with key data on the country’s changing business environment as part of the groundwork for The Report: Mongolia 2012, OBG’s highly-anticipated economic report which will also be produced in partnership with the Foreign Investment and Foreign Trade Agency (FIFTA).
The BCM, which represents domestic and foreign investors, plays an important role in promoting increased trade and investment in Mongolia. The Council also serves as a forum for business leaders to network and hold discussions on key issues with government representatives.
OBG’s Country Director Anne Delarue said she looked forward to documenting Mongolia’s economic development, which includes heightened activity in a number of emerging sectors alongside a thriving mining industry.
“While our launch publication will undoubtedly put Mongolia’s sizeable mineral industry in the spotlight, it is also set to explore the exciting opportunities that non-mining areas of economic activity are producing as the government moves forward with important reforms,” she said. “These developments, together with Mongolia’s strategic location, are providing the foundations for the country’s modernisation and supporting its bid to generate new growth.”
Delarue welcomed the contribution that the BCM would make to The Report: Mongolia 2012, saying the Council had its finger on the pulse of the country’s changing business environment.
“The Business Council of Mongolia represents a wide range of investors whose interests are reshaping Mongolia’s economy. It also plays an active role in pushing for regulatory reforms, policies and practices which we will be exploring in detail in our landmark publication,” she said. “I am delighted that the Council’s members will be on board to share their take on both the challenges the private sector faces and the opportunities available to investors as our team begins its research process.”
Chairman of the BCM Laurenz Melchers added that OBG’s report would be welcomed by global investors looking for up-to-date and accurate business data on Mongolia’s emerging opportunities.
“The Business Council of Mongolia is the leading business advocacy group in Mongolia with a member body of 190 domestic and foreign investors, international organizations, donors and diplomatic mission,” he said. “We are excited to cooperate with the Oxford Business Group on its mission to prepare The Report ‘Mongolia 2012’. At a time where investment in Mongolia is growing at an unprecedented rate, comprehensive market information and analysis is crucial to successful business development. We are pleased that the Oxford Business Group has identified Mongolia as one of the future investment ‘hot spots’ and welcome the opening of its permanent Ulaanbaatar office.”
The Report: Mongolia 2012 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The forthcoming publication will include a detailed, sector-by-sector guide for foreign investors, alongside a wide range of interviews with the most prominent political, economic and business leaders. The Report: The Mongolia 2012 will be available in print or online.