The establishment of Boubyan Petrochemical Company in 1995 ended the government’s monopoly of the petrochemicals industry, but the activities of the state-owned Petroleum Industries Company (PIC) – often in partnership with private entities – continues to define the development of the sector. As a subsidiary of the Kuwait Petroleum Corporation (KPC...
Given Mongolia’s small population, almost half of whom are still nomads, the country does not seem at first glance like the ideal spot for high-end shopping. However some of the world’s most exclusive retailers have opened up in Ulaanbaatar. Central Tower, a Grade A office tower across from the city’s geographic, political and social focal point,...
With the capacity to produce 30% of global supply, Mongolia is the world’s second-largest producer of cashmere. Cashmere is perhaps Mongolia’s most important industry, and efforts are now under way to modernise, market and organise it. Cashmere sales average about $180m, according to the Mongol Cashmere Association (MCA). The industry is of major...
What legislative changes are necessary to increase international aid and investment in the sector?
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