“Dozens of office buildings are being erected at quick pace, while residential developments featuring fancy colours and rococo terraces are rising just across the road. Ulan Bator’s construction boom is adding new momentum to the country’s economic growth. Mongolia’s vast, largely untapped deposits of gold, copper, coal and uranium might be worth as much as US $3 trillion. In a country of only 2.8 million people, that represents a huge opportunity. ‘By 2030, Mongolia will become one of the three richest countries in Asia by GDP per capita after Singapore and Japan,’ Alisher Ali, founder of the investment group Silk Road Finance, said earlier this year in an interview.”
http://www.bangkokpost.com/business/tourism/388179/mongolia-at-a-crossroad-as-boom-brings-challenges
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