Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Economic Growth in Mongolia Prompts Sam Arnold/AICG to Open Branch Office in UlaanbataarDue to rapid economic growth, Sam Arnold / AICG and three partners will open an AICG branch in Ulaanbaatar Mongolia that will focus on providing capital for investment. AICG expects the new location to be operational in March of 2010.
By: American Independent Capital Group AICG will own 51% of the new enterprise. The remaining 49% is owned by Ms. Si Qin, a Mongolian citizen, Mr. David Borjiking, a Mongolian residing in the United States, Mr. HaSi Bateer, a Chinese citizen and ethnic Mongolian, and Mr. Chen, a Chinese citizen. AICG and its partners believe that now is the right time to enter into a market that is expected to be a hotbed of international investment in the near future. Mongolia offers an abundance of natural resources, a stable and democratically elected government, and proximity to huge markets in Northeast Asia. The current president of Mongolia, Tsakhiagiin Elbegdorj, received his advanced education in the United States and is actively promoting foreign investment in Mongolia. According to the Mongolian Ministry of Foreign Affairs the country offers the following competitive advantages to foreign investors: • A stable political environment and an open economy; • Strategic and easy access to the giant markets of Russia and China; • Extensive natural resources; • Favourable legal environment; • Relatively young and educated population; • Vast territory, clean and undisturbed nature Currently the main areas for foreign investment in Mongolia are mining, tourism, infrastructure, and agricultural processing. AICG plans to utilize the cultural understanding, local knowledge, and language skills of its Mongolian partners to provide access to funds for companies doing business in Mongolia. # # # About AICG: American Independent Capital Group (AICG) provides linkage between enterprises seeking capital and investors. With twenty-five years of experience in the financial services industry, AICG has a deep understanding of the needs of both investors and companies seeking an infusion of capital. AICG currently has offices in Panama and the People’s Republic of China, and will open an office in Ulaanbaatar Mongolia in March of 2010. AICG also has the capability of providing a number of financial and business related services. AICG business consultants can conduct feasibility studies and market research, develop marketing strategies, and prepare comprehensive business plans. AICG’s website address is: www.aicg.biz End
Account Email Address Disclaimer Report Abuse
|
|