2024 Mongolia Investment Climate Statements
Mongolia’s frontier market and vast potential natural resource reserves represent potentially lucrative opportunities for investors but vulnerability to external economic and financial shocks, ineffective dispute resolution, and lack of input from stakeholders during rulemaking warrant caution. Mongolia imposes few market-access barriers, and investors face few investment restrictions, enjoying mostly unfettered market access. Franchises such as fast food and convenience stores, outperforming expectations, suggest that investors can bring successful international business models to Mongolia. The cashmere apparel and agricultural sectors also show strong promise. However, investing into potentially highly lucrative but politically sensitive sectors, including mining and energy, carries higher risk.