Initially the Investment Department of the capital city was established in 1969 as “Construction Ordering Bureau” in accordance with Resolution No 229 of the Council of Ministers of the Mongolian People’s Republic, based on the Resolution 392 issued by municipal council of Ulaanbaatar city.
Despite multiple structural modifications and staff reforms, as well as changes in terminology, due to the prompt growth of population in the capital city, the rapid development of the construction industry, and the expansion of its activities, the main function of “Construction Ordering Bureau” has remained consistent.
With financing from the state, the capital, local development investments, foreign loans, aid, and other sources, the Department is carrying out client monitoring and supervision with a professional team on projects, initiatives, and construction works being implemented in the capital city.
Investment Department operates under the objective of implementing the 2020-2024 Action Program by the Mayor of the Capital city and the Governor of Ulaanbaatar, as well as the five-year development agenda for the city from 2021 to 2025.

VISION:
“To become a leading organization providing advisory services in compliance with international standards.”

MISSION:
“To promote sustainable development with high-quality and environmentally friendly.”

CORE VALUES:

– We are innovative, transparent, and law-abiding.
– We are ethical, fair, and open.
– We are a team of knowledgeable and skilled professionals.
– We are collaborative.

MAIN OBJECTIVES:
To expand the investment market by attracting investments of foreign, domestic, and private sector into the capital city, and improve the quality and efficiency of client monitoring and supervision.

ACTIVITY DIRECTIONS:
• Submit the recommendations on results of investment research and analysis to the relevant authorities and collaborate with them.
• Organize efforts to attract private sector investments into the capital city.
• Review design drawings, reorganize their implementations, and perform monitoring on the design and budgeting process based on contractual agreements.
• Conduct performance monitoring on construction projects including the construction of new buildings, expansions, renovations, and repairs funded by the state, the capital, foreign investments, loans, grants, and other sources based on contractual agreements.

• Organize client monitoring and supervision at a professional level, verify, instruct and confirm the preparation of technical documentation, work performance and financial records for new buildings and major renovations.
• Certify the acts for both visible and hidden works in investment projects, ensure material standards are met, monitor performance, approve financing, and put the facility into operation.
• Finance investments according to the Budget Law, provide management and coordination, monitor performance, record, report, and develop proposals to enhance efficiency and implement.
• Initiate adopting new technologies and techniques in construction activity and improve investment efficiency.
• Develop a joint registration software for investments and collaborate with other departments, agencies, and investors to create a centralized database.
• Engage in other activities not prohibited by laws.