Ulaanbaatar
Resolution on Khushig Valley free economic zone to be submitted to parliament
Society
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.
