Ulaanbaatar to cooperate with German "M&P" Group

Ulaanbaatar /MONTSAME/ The capital city of Mongolia will collaborate with Germany’s "M&P" Group in an investment project. A cooperation memorandum was signed Thursday during the Ulaanbaatar Business Forum by Ts.Buyandalai, a Deputy Mayor of the city in charge of employment and social welfare affairs; L.Narantuya, head of the Investment Authority of Mongolia; and E.Batzaya and M.Dagvasuren, general directors of the Group for the Mongolian side. The will support both domestic and foreign investments in frames of the cooperation between the state and private sector. One of the largest inherited companies in Germany, the "M&P" Group has existed for some 500 years, it is engaged in urban planning, infrastructure, renewable energy, sustainable development projects, environment, ecology and engineering.