Nalaikh park to increase domestic building material production 1.78 foldSociety
Ulaanbaatar /MONTSAME/ Member of the Parliament S.Amarsaikhan, Minister of Construction and Urban Development B.Munkhbaatar, and Ulaanbaatar city government officials worked at Nalaikh Industrial and Technology Park of Building Materials (NITPBM) on September 8.
NITPBM Director S.Batjargal informed the officials of the park activities, development works carried out at NITPBM, future plans, and pressing investment issues. Of the total 121 companies interested in operating at the park, 43 have concluded agreements with the NITPBM authorities since 2014. Currently, 141 people are working at two fully-operational factories at the park. The industrial and technology park development project that launched in 2014 will continue in 2020-2024 with a 130 ha extension of the park area.
MP S.Amarsaikhan noted that when NITPBM comes into full operation, domestic building material production will increase 1.78-fold and Nalaikh building material production 32 times, in addition to the creation of new jobs, thus reducing construction project costs. Construction Minister B.Munkhbaatar undertook to give support on resolving funding for the development of a general plan for the park’s extension on 130 ha land.
Also, during their visit, the officials toured a waste aluminum recycling factory with an annual capacity of 4,000 tons.