MENKHBOLD MEETS AABAR INVESTMENTS PJSC DELEGATION

Ulaanbaatar /MONTSAME/ Parliament Deputy chairman M.Enkhbold met Tuesday with representatives of Aabar Investments PJSC, a private joint stock company registered and incorporated in Abu Dhabi, UAE. Mr Enkhbold thanked the delegation for visiting Mongolia and shared opinions with them on investments cooperation with Mongolia. During the meeting, the delegation emphasized a need of ‘certain’ support in enhancing a cooperation here. Aabar Investments PJSC has been investing into mining and finance sectors of Mongolia, and is interested in increasing the amount of its investments. The company is engaged in investing activities in various industries including infrastructure, aviation, real estate, automotive, commodities, energy and financial services. The company’s parent is the International Petroleum Investment Company (IPIC), which is wholly owned by the Government of Abu Dhabi. As per IPIC’s semi-annual financial statements, IPIC's ownership in Aabar stood at 95.52% as of 30 June 2012.