Reposted from PR.com
Washington, DC, March 31, 2012 – Projects initiated in financial services, precious metal mining and sustainable forestry.
The Embassy of Mongolia in Washington, DC this week hosted the inaugural gathering of the Mongolian-American Investment Consortium (MAIC), whose goal is to leverage Western experience and capital to develop high potential business opportunities in Mongolia. Technology CEOs and representatives of financial, NGO, and government organizations toasted the bright prospects for business partnership in Mongolia in diverse industries including financial services, mining, agriculture, transportation, telecommunication, and energy.
MAIC’s honorary chairmanship rotates among the presidents and owners of consortium member companies. Dan Hodges, MAIC’s first chairman and president of the Medusa Companies, stated, “There are tremendous opportunities available in Mongolia for dramatic growth in invested capital, together with a once-in-a-lifetime chance to help build the financial, industrial and core infrastructures of this sovereign nation with such a remarkably rich cultural heritage. We deeply appreciate and value the participation of all who join us to make a difference that benefits both the American and Mongolian people.”
The executive director of the Ulan Bator office of MAIC, Munkhsaikhan Medree, will be responsible for receiving investment proposals from Mongolia and presenting them to interested consortium members. Medree said “We are currently building investment support for specific business plans in gold mining, sustainable forestry, and financial services. MAIC represents a new chapter in economic development with Mongolia because the expertise and interest are focused on specific initiatives that relate not only to natural resources, but to diverse entrepreneurial opportunities reflective of Mongolia’s transformation. We are thrilled at the enthusiasm for participating in the blossoming of the Mongolian economy, especially when investor expertise offers the opportunity to leapfrog generations of old technology, such as in electricity generation and telecommunication.”
Organizations in Mongolia submitting their business proposal and interested investors may contact MAIC through the website http://www.mongoliainvest.org.
Contact: David Bain
Photo Credit: Google Images