The General Manager
of the Altanbulag free trading zone, D.Erdenebat, has said they have no money
to start any work on infrastructure but they have built an earth road to the
border with Russia. However, the companies that booked land have not built on
them.
Investment
contracts were signed with 140 organizations. Of these, domestic companies were
allotted 288.6 acres of land and foreign companies 32.2 acres. The total investment
is likely to be USD 700 million. There are 25 domestic factories, 57 trading
organizations, 41 service companies, 46 storage companies, 15 hotels and three
banks. The foreign companies will mostly operate in trading.