The Mongolian government said Wednesday the research phase of Sainshand heavy industrial park would be completed by June, and development contracts would be signed this year. Ganbold Dogsom, head of the heavy industrial policy department under the Ministry of Industry and Agriculture, said the development of the park would begin next year and would be completed by early 2018. Discovery of a large underground water deposit near Sainshand solved a water supply issue, the biggest challenge to the project, the official said. Development of the industrial park project will require investment of about 5.5 billion U.S. dollars, according to a preliminary estimation. It is estimated about 5 million tons of steel will be produced annually and about 10,000 new jobs created under the project. According to a report, Sainshand will be managed by Fluor, a global engineering construction company based in the United States.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor