With one major mining deal in the bag, and more expected to follow, Mongolia is about to enter a phase of astronomic growth. In fact, people are starting to compare the sparsely populated, resource-rich country to places like Brunei and the United Arab Emirates UAE.
Over the next decade, Mongolia will have the fastest growing economy in the world in terms of GDP growth, succeeding Qatar, which in percentage terms, although not absolute terms, surpassed that of China in the past decade, said John Finigan, chief executive officer of Golomt Bank, one of Mongolia's three largest banks.
The country's gross domestic product growth has averaged out...
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