00:00Why data centers are very sexy, attractive in Mongolia is because it has three reasons.
00:07The number one is we have very cheap, clean and also reliable energy source.
00:15We have energy above the ground again, underground also.
00:20We have the deposit of the uranium and gas, etc.
00:24And the second reason is, yes, we are a very cold country.
00:29So after 12 months, like eight months, it's very freezing cold.
00:35So coldness is very important for the data centers because cool-down price is really an issue for the data
00:41centers.
00:42And as for the Mongolia, we are 40% cheaper than other countries, you know, so this is number two.
00:48The number three is, like, my country is the country of democracy.
00:53So everything is ruled by law, not by person or party, you know.
00:57So we do have a very strong democracy and we do have a very strong legal environment to protect the
01:05investors.
01:06And even just yesterday, we submitted law on data sovereignty and data protection to the parliament.
01:15And also, just two months ago, we actually approved law on the foreign investment as well as tax.
01:25So whoever actually would like to invest in Mongolian data centers, then customs tariff will be exempted, no tax.
01:36And the value-added tax will be exempted for a certain period of time.
01:42And also, the withholding tax is only 5%.
01:45So basically, land is big, it's free, and the energy is here, very cheap.
01:51If you actually do invest in the U.S., the tariff of electricity is something like 16 cents, 18 cents,
02:00but we offer here less than 4 cents, you know.
02:03And also, there are huge incentives for the taxes, and land is beautifully here, resources are here, and all this
02:13investment environment is very friendly.
02:17So in this regard, a lot of the investors are looking for the Mongolia to invest in data centers.
02:23And this afternoon, we are going to have a deal, more than $30 billion that investment is coming from all
02:32over the world to Mongolia, especially on the data centers.
02:37Very impressive figure.
02:40So basically, investors are actually interested in favorable taxation, plentiful and cheap energy, and good environment.
02:51And plus, the Mongolia is the land of the country, so we don't have a risk of the tsunami.
02:57And also, we don't have this risk of this earthquake.
03:01Okay, and the Mongolia is the most peaceful country, there is no war.
03:07And in the region, we are the most peaceful country, you know, in Asia and Pacific, and a country of
03:13democracy.
03:15So this is the reason we can actually protect all the data here, and we would be able to make
03:23this data in a transaction, you know, in all over the world.
03:28And so this is the Mongolia Advantage, and we are very much welcoming those who are very much interested in
03:34the data center, you know, special green data centers, AI data centers.
03:41Very interesting insight.
03:43Thank you very much for this interview.
03:45Thank you, Bjorn.
03:46I appreciate it.
