Chief of Staff P.Tsagaan Met with Representatives of Aabar Investment PJS

On February 5, 2015, Chief of Staff of the Office of the President of Mongolia P.Tsagaan received representatives from the Aabar Investment PJS. Acting Chief Financial Officer of the Aabar Investment PJS Mr. Andrew Thornber, Chairman, founding Director of the Gobi Coal and Energy Ltd Mr. Mo Munshi, Advisor to the Aabar Investment PJS Mr. Joseph Borovsky, Director-General of the Gobi Coal and Energy Ltd Mr. M.Choidorj, and Foreign relations manager of the Gobi Coal and Energy Ltd Mr. James Han were present at the meeting.

Mr. Andrew Thornber and Mr. Mo Munshi underlined the importance of a stable investment climate and legal environment in Mongolia. Aabar Investments PJS is a private joint stock company registered and incorporated in Abu Dhabi, the United Arab Emirates. The company is engaged in investing activities in various industries including infrastructure, aviation, real estate, automotive, commodities, energy and financial services. For the past years the Aabar Investments PJS has been working in Mongolia and the representatives expressed their interest to make additional investment. However, the representatives noted that doubt and hesitation was spread among foreign investors due to political instability and new Government for Solutions was just formed.
Chief of Staff P.Tsagaan noted: “Mongolia does have a relatively young democracy and there are many achievements and successes, mistakes and difficulties. Based on these experiences, the Government of Mongolia is working to create more favorable and stable investment climate”.

Aabar Investments PJS representatives emphasized that they value Mongolia’s democracy and expressed their confidence to cooperate with Mongolia.