The Mongolia Mining 2019 International Mining & Oil Expo has opened at the Buyant Ukhaa sports complex on Wednesday.

The annual expo is the largest gathering of the Mongolian mining sector. It aims to introduce the Mongolian government’s policies on the mining industry to foreign investors, help domestic companies to keep pace with latest technologies of the global mining industry and find new business partners, and attract more foreign investment into the mining industry.

More than 150 exhibitors from around 20 countries including Mongolia, China, Russia, the United States, Britain, Canada and Australia will showcase their products and services during the three-day event.

The mining sector single-handedly accounted for 87 percent of total exports, 72 percent of the industrial output, 24 percent of the gross domestic product and 75 percent of foreign investment in 2018.