Resolution on Khushig Valley free economic zone to be submitted to parliamentSociety
Ulaanbaatar /MONTSAME/ At its regular meeting on January 5, the Cabinet discussed the parliamentary resolution on the Khushig Valley free economic zone and decided to submit it to the parliament.
The establishment of the free economic zone will pave the way for solving social and economic issues in the development of Khushig Valley.
The development of sustainable tourism, resorts, creative and cultural industries, malls, environmentally friendly industrial zone, and an international transport and logistics center in the valley will help the country have a multi-pillar economy not dependent on mining.
150 thousand citizens will move to the satellite city to be created in Khushig Valley, which is expected to reduce Ulaanbaatar’s air and environmental pollution by 10 percent and traffic congestion by around 20 percent.