While Mongolia may seem an unlikely place for export-focused manufacturing, it is becoming less so. The country is remote, it has a small labour pool and it cannot be described as inexpensive. The local market is small and it has little in the way of an industrial tradition. However, the economics of manufacturing work for a rather wide range of...
The rise and return of light manufacturing is often overlooked in Mongolia, given that mining is so large and the potential in the resources sector so great. In recent years, small manufacturers have made a significant contribution to the country, in terms of supporting domestic consumption and exports. Cashmere has been a particularly strong...
The rapid expansion of Mongolia’s economy in recent years has fuelled rising per-capita incomes and, consequently, steadily increasing demand for high-quality real estate of all types. Supply in most segments, meanwhile, has remained fairly limited, which has contributed to demand-driven increases in rents and sales prices, particularly since...
In recent years Mongolia’s commercial real estate segment has seen rising rents and expanding levels of international participation, in line with steadily increasing per-capita incomes. In Ulaanbaatar a handful of new grade-A mixed-use buildings have been completed, including, perhaps most notably, Central Tower, which opened for business in...
As roads are being built and related infrastructure is quickly being put into place, Mongolia’s connectivity and logistics are greatly improving. Real investment in transportation has been made in recent years, especially in 2013, and more is expected. In the coming years internal and international travel and cargo delivery are likely to become...
Mongolia’s international gateway is well run but in need of an upgrade. It was designed for a different time and for a different type of travel and will soon be overtaken by events, as Mongolia’s economy expands, as traffic increases and as the country’s international profile evolves. With that in mind, a new airport is being built, one that...
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