The project will serve as a catalyst for diversifying Mongolia''s economy, integrating it into regional and global value chains, and increasing employment opportunities for the country's people. The focus will be the Zamyn-Uud soum (district), where the busiest international border port between Mongolia and the People's Republic of China (PRC) is located and the population relies heavily on border traffic and trade activities. The project will support the development of an economic cooperation zone between Mongolia and the PRC. It will realize the untapped economic potential of Mongolia''s existing Zamyn-Uud free zone and its strategic position along corridor 4 under the Central Asia Regional Economic Cooperation (CAREC) program. CAREC corridors link the region's key economic hubs and connect landlocked CAREC countries such as Mongolia with markets in Asia, Europe and rest of the world. The project will generate economic and employment activities in Zamyn-Uud through (i) construction and operation of infrastructure and facilities in the free zone, (ii) promotion of sustainable operations and management of the free zone, and (iii) establishment of a port of entry system within the free zone.
Economic activities and employment in Zamyn-Uud free zone generated
- Zamyn-Uud free zone infrastructure and facilities constructed and operational
- Sustainable operations and management of Zamyn-Uud free zone promoted
- Zamyn-Uud free zone port of entry system established
|Amount (USD millions)
|Asian Development Bank
|Government of Mongolia