Tiara Resort and the Dutch government
At this moment Tiara Resort in Mongolia is finishing the constructing
of the holiday resort in the hart of National Park of Terelj. We realized
this holiday resort with the financial help of the Dutch government by
a PSOM project, Tiara Resort or Tiara Tours alone had could have done
it.
The Dutch Ministry of Foreign Affairs established PSOM (PSOM: Programme
for Cooperation with Emerging Markets) to stimulate investments and commercial
cooperation between Dutch companies and companies in several developing
countries. In 2005 forty countries in Africa, Asia, Latin America and
Central and Eastern Europe will, in principle, be eligible for PSOM.
Mongolia is one of this countries.
To be considered for a PSOM investment project one has to fit into the
conditions and criteria and have to meet at least the following requirements:
- You are a Dutch company and a company in the PSOM country with an
aim at setting up a new activity in partnership with each other in one
of the PSOM countries (Mongolia is a PSOM country);
- You and your local partner are financially sound, have relevant
expertise and experience in the market and enter into a long term trade
or investment relation;
- The applicant should be a company registered in the commercial
register at the Chamber of Commerce in the Netherlands. The recipient
should be a private company, officially registered in the recipient
country. There is no limitation in the percentage of shares of the
recipient company, which are owned by Dutch companies;
- You do not have the financial means to implement your plans nor
can you obtain funds from a bank to finance your business plan;
- Your proposal is commercially feasible in medium or long term
and has a positive effect on the local economy of the recipient country
in terms of creating additional employment, introducing new technology,
improving livelihoods, strengthening small and medium sized businesses
and/or resulting in improved environmental conditions;
- Your project leads to additional investments and increase in turnover;
- You are both capable to finance your own contribution.
If you meet
the above-mentioned requirements, your project might be eligible for
a PSOM grant.
Tiara Tours and Tiara Resort get allocated as a PSOM project in December
2005
