Kuwait News Agency – KUNA: Mongolia expanding investment, ties with Kuwait – Kuwait China Investment

Mongolia is receiving massive foreign investment inflows and is developing bilateral ties with countries like Kuwait and other GCC members to foster economic links in a time when the developed economies are treading water, the government-affiliated Kuwait China Investment Company (KCIC) said Sunday. Mining has opened the doors for investments in many of the economy’s sectors that are still quite underdeveloped, KCIC said in its weekly analysis. Mongolia’s economic potential is enormous and the International Monetary Fund (IMF) forecasts an average growth of 14 percent for the next five years. When most of the world’s economies are facing slowing growth, and Europe a likely recession, Mongolia emerges as one of the few countries that will grow at a staggering pace, it said. To read the full article, click hereMongolia expanding investment, ties with Kuwait – Kuwait China Investment

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