The annual World Economic Forum 2025 Meeting took place in Davos, Switzerland from 20-25 January. For Mongolia, this year’s theme – “Cooperation for the Intelligent Age” – comes with his digitization, technological and investment goals. Mongolia signed several memorandum of insights (MOU) on the sidelines (MOU) and similarities to expand and diversify the economic and business partnerships of Ulaanbaatar, in particular in the field of digitization, artificial intelligence (AI) and renewable energy.
Nowadays the development and use of AI in many industries is almost inevitable. Because leading technical industries in both developed and developing countries millions of investments in the global AI race, private and public entities have grown exponentially in this specific space and are looking for large investments. What this could mean for developing countries such as Mongolia is that the development and assimilation of AI are faster than policy makers who can formulate policy to support, manage and reduce these newer innovations.
In Davos, Mongolia showed the world that it is not lagging behind. According to at the Ministry of Digital Development, Innovation and Communication“Mongolia will officially announce its ‘national strategy for artificial intelligence’ to the world in February.”
From the government services and companies, the technically skilled young generation of Mongolia requires constant innovation, maintaining the rapidly changing technical world and digitization.
According to Oxford Insight’s 2024 Government AI Readiness Index” Mongolia ranked 98th from 188 countries – 11 promotes functions compared to the previous year. In the past five years, Mongolia has made enormous efforts in technological progress in AI, digitization and even its own launch satellite station With global partners.
The rise of the AI sector itself has become an important element in the economic and third Bor partnerships of Mongolia. While Ulaanbaatar AI and space -related partnerships promote and expand, Mongolia is looking for investments and reliable partnerships to develop his critical minerals and to become a player in the worldwide Supply Chain for these industries.
Although the development and export of critical minerals will still keep the economy of Mongolia dependent on the mining sector, learning is to maximize the use of AI and to create global partnerships that can invest in human capital more importantly. Bolor-Endene Battsengel, the former vice-minister of Digital Development who recently founded the AI Academy Asia, emphasized the need to teach and train the younger generation in AI. Bolor-Endene told CNN that her academy wants Train 500 teachers to offer AI training to rural communities in Mongolia. “
In addition to expanding partnerships in AI, on the sidelines of Davos, Mongolia signed a mou With Envision EnergyA global renewable energy that has already been contracted for operating in Ulaanbaatar. In November 2024 was Energy Energy Was contracted To build the first battery storage station of Ulaanbaatar, using domestic capital. An extensive MOU will help accelerate the energy transition, the carbon tube of Mongolia, the development of green workforce.
In Davos, Mongolia was represented by Dorjkhand Togmid, the Deputy Prime Minister, who is also chairman of the National Committee on Energy Reforms. Dorjkhand told reporters who attended Davos that Mongolia is committed to the energy transition and is willing to work together with global technology leaders in the pursuit of climate investment projects. He emphasizes the partnership of Mongolia with Envision and said: “The track record and solutions of Envision will enable us to maximize the potential of the renewable sources of Mongolia and to build an infrastructure for sustainable energy that benefits the region.”
Also at Davos, Mongolia and the European Bank for Reconstruction and Development (EBRD) signed a cooperation agreement that would see them collaborate on projects for solar, wind and energy storage. Important initiatives under the deal are technical support, feasibility studies and extensive environmental assessments for hydro -electric power plants. The aim is to construct up to 300 megawatts (MW) solar power plants and 200 MW of wind energy installations with energy storage, including transmission -infrastructure, and in 2024, the transmission -infrastructure, including transmission -infrastructure OneBRD as long as 264 million euros for projects in Mongolia.
The aim of the Mongolian government to achieve “sustainable economic growth, energy security and development of green industries” is a long -term ambition, but leaders now start with the help of the worldwide partners of Mongolia, who can offer both financing and know -how.
At the World Economic Forum 2025, the delegation of Mongolia strived for opportunities to attract investments in all things AI, including education, training and the development of AI in companies and government services. But it remains a challenge to attract investments and to allocate to the digital sector of Mongolia and to reduce the digital gap. The successful implementation of these newer initiatives and AI-related commitments will undoubtedly diversify the mining-dependent economy of Mongolia and have a huge impact on human capital.