The
Government of Mongolia held an irregular meeting on Monday, on June 25 and
approved a master plan of Sainshand Industrial Complex.

The
government decided to establish state owned company “Sainshand” to manage
approved plan. To establish Sainshand Industrial Complex needed $9.3 billion. Required
money to construct industrial complex will be settled in local and state
budget.

A master plan of Sainshand
Industrial Complex has 12 part. A plan considering to establish few facrories
such as copper melting, coking coal melting and cement producing. The Sainshand
Industrial complex should produce 12 million tone raw material and 7 million
tone processing product.

In total 2400 new jobs will be
created in the Sainshand and will be set up new town with 21 tousand residents.