Mitsubishi Corporation (MC) has partnered with Narita International Airport Corporation (NAA), Japan Airport Terminal Co. (JATCO), and Jalux Inc. (Jalux) to establish a joint venture with the Government of Mongolia: New Ulaanbaatar International Airport LLC (Nubia). Nubia has entered into a 15-year concession agreement with the National Development Agency of Mongolia concerning the operation of the New Ulaanbaatar International Airport, which is expected to open in the first half of 2020 upon completion of pre-operation work and relocation from the existing airport. While the new airport is located approximately 50 km south of Ulaanbaatar city, its new geographical location enables

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