Growth predicted for Mongolian trade fair

VDMA, the German Machinery and Plant Manufacturers’ Association, and show organiser VF Messen GmbH have announced that the second edition of the Future Mongolia trade fair will take place in the capital city of Ulan Bator from 19 to 22 June.

VF Messen expects Future Mongolia to attract approximately 120 exhibitors from various nations. Industry leaders such as Caterpillar, Hyundai, Liebherr and Wirtgen attended last year’s exhibition. The first Future Mongolia held in May 2012 was attended by some 100 exhibitors from 14 nations.

Posting double-digit annual growth rates for its gross national product, Mongolia is one of the fastest developing economies in the world.

The country is rich in natural resources – especially coal, copper, gold and rare earth. Revenues from natural resources are earmarked for improving its housing situation and transport infrastructure, especially in the capital.

Measures planned include the erection of a whole new quarter for approximately 20,000 citizens as well as the construction of a major industrial estate right next to the new international airport to be opened in 2016.