In the vast expanse of Eurasia, a trained investor eye might notice a subtle dust cloud rising on the Mongolian steppes from the gently trotting economy. This trot is set to become an unstoppable gallop as the country, roared on by the mining sector, emerges from the shadows of the Asian Tigers and takes its place as one of the fastest growing in the world.

Currently, the Mongolian economy is experiencing a vigorous recovery from the recent slump. It is expected to expand over 8% in 2010 and then we think average 20% growth per annum over the next decade, thanks to massive investments into resource projects and the subsequent rise in exports. The government plans to attract $25bn into several major mining and mining-related infrastructure projects over the next five years. Development of some 10 of the largest mineral deposits estimated to be worth $1.3 trillion will provide a huge boost to Mongolia. The $5bn economy is expected to triple over the next five years and grow 12 times to reach $60bn by 2025.