On Wednesday, February 23, 2022, IFEZ held its first Kick-off meeting with the Construction Development Center (CDC), a state agency under the Ministry of Urban Development and Construction in Mongolia, and signed a memorandum of understanding. The signing of a memorandum of understanding for the joint implementation plan is a follow-up to a memorandum of understanding aimed at IFEZ and Mongolian CDC's joint efforts to share IFEZ's experience and know-how in operating special economic zones, overhaul legislation related to future economic zones, feasibility study and establishment of master plans.