No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 6, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

Mongolia to join data center frenzy with Chinggis Khaan sovereign wealth fund

by TheAdviserMagazine
6 hours ago
in Economy
Reading Time: 3 mins read
A A
Mongolia to join data center frenzy with Chinggis Khaan sovereign wealth fund
Share on FacebookShare on TwitterShare on LInkedIn


A view from the statue of Genghis Khan in Ulaanbaatar, Mongolia on April 04, 2022.

Anadolu | Anadolu | Getty Images

Mongolia, long reliant on mining, plans to build data centers powered by renewable energy as it prepares its first sovereign wealth fund aimed at channeling its mineral wealth to social welfare and infrastructure.

“We have a massive land with a very favorable climate for activities like [hosting] data centers,” Temuulen Bayaraa, CEO of the sovereign fund, told CNBC on the sidelines of the Milken Institute Asia Summit in Singapore on Friday.

The landlocked East Asian nation is developing special economic zones dedicated for data centers, she added, referring to the Hunnu City that is envisioned as a smart, sustainable urban city.

The Chinggis Khaan Sovereign Wealth Fund, established by law in April last year, has $1.4 billion in reserves and seeks to tap global demand for computing power and clean energy. Its investment strategy is still pending the government’s review and final approval.

A host of Asian countries have accelerated efforts to develop data centers this year amid growing demand for cloud computing and artificial intelligence. Japan, Singapore and Malaysia have ramped up investments in building out their data center capacity.

The recent explosion in AI workloads globally requires vast computing power, electrical power, cooling and networking infrastructure. Goldman Sachs expects global power demand from data centers to rise 50% by 2027 and by as much as 165% by 2030.

Aside from data centers, part of the fund’s returns will also be used to build “mega-scaled” renewable energy power grids and projects, as part of the country’s efforts to boost green energy exports to neighboring countries, Bayaraa said. Mongolia, sandwiched between Russia and China, has upgraded its ties with both superpowers to the level of “comprehensive strategic partnerships” in recent years.

The plan comes as the Mongolian government pledged to boost the share of renewable energy, especially wind and solar power, in the country’s electricity capacity to 30% by 2030, up from 18.3% in 2023.

The fund’s investment strategies will also center on countering risks associated with price fluctuations in commodities, Bayaraa said, as the funds’ sources are “very dependent on commodities.” The Chinggis Fund is managed by Erdenes Mongol, a government-owned holding company that owns a share in the country’s mining assets.

The sparsely-populated country, with just about 3.5 million residents, has benefited from a boom in prices for its rich supplies of critical minerals, including coal, copper, uranium and rare-earth elements.

TOPSHOT – A general aerial view shows houses and Yurts in Ulaanbaatar, Mongolia on June 25, 2024.

Hector Retamal | Afp | Getty Images

Rebuilding trust

The Mongolian government has been under growing pressure to distribute its mineral wealth among its people and put an end to corruption in the sector. Anti-corruption protests in its capital, Ulaanbaatar, earlier this year forced Oyun-Erdene Luvsannamsrai to step down as prime minister.

“People didn’t feel like mining contributed to the wealth, betterment of their livelihoods while eroding the natural resources. But now the sovereign wealth fund is positioned in a way to rebuild that trust,” Bayaraa said.

The fund will play a central role in the country’s development plan aimed at providing more transparency and equity in wealth distribution, she added, by pulling in mineral wealth to be “managed and disbursed in a ring-fenced manner to support people, their educational needs, financing, educational, healthcare and housing needs.”

“The critical work is to build a governance model [for the fund],” she added. Citizens will be able to access on an app details of the fund’s sources, allocation and balance. “It’s very targeted intervention for expanding middle class, pushing labor market participation,” she said.

The fund’s leader plans to hire members of the Mongolian diaspora with experience in the banking, investment, and wealth management industries to return home and help manage the fund.

“For the longest time, Mongolia has been attracting investment into Mongolia. For the first day, we are becoming an investor to contribute to the global agenda,” Bayaraa said.



Source link

Tags: CenterChinggisdatafrenzyfundjoinKhaanMongoliasovereignwealth
ShareTweetShare
Previous Post

How to find your perfect direct tax technology match

Next Post

Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

Related Posts

edit post
The Invisible Hierarchies that Rule Our World (with Toby Stuart)

The Invisible Hierarchies that Rule Our World (with Toby Stuart)

by TheAdviserMagazine
October 6, 2025
0

0:37Intro. Russ Roberts: Today is September 3rd, 2025 and my guest is Toby Stuart, the Leo Helzel Chair in Entrepreneurship...

edit post
Abolish the Bureau of Labor Statistics

Abolish the Bureau of Labor Statistics

by TheAdviserMagazine
October 6, 2025
0

President Trump caused a considerable stir in Washington when he fired Commissioner of Labor Statistics Erika McEntarfer back on August...

edit post
Millions Sign Petition To Dismantle UK Digital ID System

Millions Sign Petition To Dismantle UK Digital ID System

by TheAdviserMagazine
October 6, 2025
0

The people of the United Kingdom are fighting back against the government’s plan to roll out a digital ID system....

edit post
Fundraiser SOS! We Are REALLY Behind!

Fundraiser SOS! We Are REALLY Behind!

by TheAdviserMagazine
October 6, 2025
0

We are into the second week of our fundraiser. We are well behind where we need to be to keep...

edit post
KLG: Naked Capitalism – Your Essential Community

KLG: Naked Capitalism – Your Essential Community

by TheAdviserMagazine
October 5, 2025
0

By KLG I cannot remember how, but I found Naked Capitalism in the aftermath of the Great Financial Crisis, but...

edit post
The Sunday Morning Movie Presents: The Man Who Laughs (1928) Run Time: 1H 54M

The Sunday Morning Movie Presents: The Man Who Laughs (1928) Run Time: 1H 54M

by TheAdviserMagazine
October 5, 2025
0

This is Naked Capitalism fundraising week. 935 donors have already invested in our efforts to combat corruption and predatory conduct,...

Next Post
edit post
Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

Are South Korean retail traders the only thing keeping Ethereum treasury companies alive?

edit post
The Weekly Notable Startup Funding Report: 10/6/25 – AlleyWatch

The Weekly Notable Startup Funding Report: 10/6/25 – AlleyWatch

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

0
edit post
Catalonia’s Sugary Beverage Tax Hasn’t Improved Public Health

Catalonia’s Sugary Beverage Tax Hasn’t Improved Public Health

0
edit post
Turning a ,000 Rental Property into a ,000/Month Rental Portfolio

Turning a $25,000 Rental Property into a $5,000/Month Rental Portfolio

0
edit post
How to Hire Movers in Six Steps

How to Hire Movers in Six Steps

0
edit post
The Weekly Notable Startup Funding Report: 10/6/25 – AlleyWatch

The Weekly Notable Startup Funding Report: 10/6/25 – AlleyWatch

0
edit post
US Dollar: Hawkish Fed Clues Likely to Fuel Rally Amid Yen Weakness This Week

US Dollar: Hawkish Fed Clues Likely to Fuel Rally Amid Yen Weakness This Week

0
edit post
David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief

October 6, 2025
edit post
How to Hire Movers in Six Steps

How to Hire Movers in Six Steps

October 6, 2025
edit post
Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on

Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on

October 6, 2025
edit post
Catalonia’s Sugary Beverage Tax Hasn’t Improved Public Health

Catalonia’s Sugary Beverage Tax Hasn’t Improved Public Health

October 6, 2025
edit post
Ethereum’s Price as Grayscale Launches Staking ETPs – ,331?

Ethereum’s Price as Grayscale Launches Staking ETPs – $7,331?

October 6, 2025
edit post
Paul Tudor Jones says ingredients are in place for massive rally before a ‘blow off’ top to bull market

Paul Tudor Jones says ingredients are in place for massive rally before a ‘blow off’ top to bull market

October 6, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • David Ellison says he’s confident Bari Weiss ‘will invigorate CBS News’ as new editor-in-chief
  • How to Hire Movers in Six Steps
  • Dow falls, S&P 500 and Nasdaq rise as AMD surges on OpenAI deal, shutdown drags on
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.