PROJECT

Projects

Summary of Investment Information

Project Number

37451

Company Name

MMC POLARIS LLC

Date SPI Disclosed

Nov 11, 2015

Country

Mongolia

Region

East Asia and the Pacific

Projected Board Date

Dec 15, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Jan 6, 2016
Signed : May 6, 2016
Invested : May 23, 2016

Sector

City and Business Hotel

Project Description

Mongol Micron Cashmere LLC (“MMC”) is a leading cashmere processing company in Mongolia. MMC plans to expand its businesses through the construction of a 12-story building that contains: (i) a 123-room hotel with associated food & beverage, health and business areas; (ii) 4 stories of retail space; and (iii) 200 parking lots (together, the “Project”). The Project is being carried out by MMC Polaris LLC (“MMC Polaris” or the “Company”), a wholly owned subsidiary of MMC.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation