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Frontier’s Security Conference Held in UB

Written by Sebastien Beaupierre Theroux

Friday, June 18, 2010.

Foreign investors and domestic businessmen are in a frenzy hoping to secure their own piece of the pie that the recent mining explorations in Mongolia have predicted. Randolph Koppa, president of the Trade and Development Bank, predicts that “the Mongolia GDP is soon to soar. In the next five years it will double. In another five it will double again.

” The Frontier’s Security conference, an annual event, concentrated this year on raising capital in both foreign and domestic markets from both privatization and sovereign bond issue.

The two day convention, held in the Chinggis Khan Hotel’s main meeting room, offered an abundance of perspective and insight on how various companies can find their own niche in Mongolia’s imminent economic boom. Through visual presentations, keynote speeches, and panel discussions; a clear picture of the pros and cons of Mongolia’s investment potential was shown. The audience, a gamut of investors; from foreign Ambassadors to local corporate representatives, benefitted also from the lunches and breaks, during which times they aggressively networked amongst themselves, like hungry dogs searching out whatever scraps of food they could find.

The World Bank has rated Mongolia 60th of 181 listed countries for “ease of doing business.” This figure seems discouraging at first, but when compared to other emerging markets is relatively high. India ranks 133rd on the same list. Michael Aldrich, a partner at Hogan Lovells,