Ulaanbaatar
Construction Development Center and Incheon Free Economic Zone Authority sign MoU
Society
Ulaanbaatar /MONTSAME/ Under the ‘Vision-2050’ long-term development policy of Mongolia adopted by the 2020 Resolution No. 52 of the State Great Khural, the Government’s action program for 2020-2024, and the Cabinet’s December 15, 2021 resolution regarding the plan to develop a new free zone in Khushig Valley, a Memorandum of Understanding was established between the ‘Construction Development Center’ state-owned enterprise and the Incheon Free Economic Zone Authority of the Republic of Korea on December 21.
The MoU was signed by Director
of ‘Construction Development Center’ Ts.Amarsanaa and Incheon Free Economic
Zone Authority’s Commissioner Lee Won-jae.
The sides will cooperate in
developing general development plan, feasibility study and engineering and
infrastructure plans for the free economic zone, intensifying cooperation, setting
up a joint expert team, exchanging knowledge and experience by conducting
studies, and upskilling employees as part of the development of a satellite
city in Khushig valley.
