Sultan of Johor Ibrahim pays state visit to Mongolia for investment opportunities
Mr. Ibrahim discusses emerging businesses in real estate development
At the invitation of the President of Mongolia Battulga Khaltmaa, the Sultan of Johor, a Malaysian state, Ibrahim Ibni Almarhum Sultan Iskandar is paying a state visit to Mongolia. The invitation was conveyed to the Sultan by Mongolian Ambassador to Singapore, Lkhagvadorj Tumur in June this year. Mr. Ibrahim’s first visit is also accompanied by Johor Prince Tunku Abdul Rahman Hassanal Jeffri and was welcomed by Mongolia’s Ambassador to Singapore Lkhagvadorj Tumur and the President’s Foreign Policy Advisor Tegshjargal Tumen. Officials are highlighting that the visit would help enhance bilateral ties between Mongolia and Johor, as well as exploring investment opportunities for both sides. On the first day of his visit, Mr. Ibrahim met with some of Mongolian Government officials and major private developers and discussed emerging businesses and investment opportunities, especially in real estate development. He also took time off to visit the Gobi cashmere factory store in Ulaanbaatar. “Cashmere is big business for Mongolia as they produce a third of the global supply and it is the country’s largest export after minerals,” highlighted Mr. Ibrahim's press agency. He then paid a courtesy call on the Mongolian President Battulga Khaltmaa yesterday, followed by a meeting with Prime Minister Khurelsukh Ukhnaa. Mr. Ibrahim is expected to visit Tsonjin Boldog today, informed the Royal Press Office of Johor. Johor is the southernmost and third largest state of Peninsular Malaysia. It also has the second largest economy among the states of Peninsular Malaysia, only behind Selangor.
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