The Expo Mongolia 2017, a trade fair for private entities engaged in all sectors, such as, construction, mining, food and environment, opened for the fifth year in Ulaanbaatar. Mongolia is well-renowned in the world by its natural resources. However, it is time to focus on developing other sectors and diversify the economy that is heavily dependent on mining, said Ingo Clover, CEO of the Expo Mongolia 21 LLC. President of Mongolia Kh.Battulga delivered a message to the event's opening during which he noted that the Expo opens many opportunities for entering new market for Mongolian entities and expanding business environment, while creating waits for both domestic and foreign entities. Around 50 business entities from Mongolia, China, Germany, India, the USA and the Republic of Korea are participating in the Expo. At the event, some companies expressed their willingness to opening their branch in Mongolia as well. The Embassies of foreign countries in Mongolia introduced their functions at the Expo as well.