Endowed with isolated, unspoilt nature and a nomadic Buddhist culture, Mongolia has managed to develop a small but potentially profitable tourism sector, which is expanding through support from the public sector and a growing focus on adventure and nature. Strong mining-led economic growth in the past decade is expected to dilute tourism’s overall...
The cement sector features characteristics common to so many markets in the country’s economy: short supply, mushrooming demand, Chinese imports and plans to boost local capacity. The importance of new domestic supply cannot be understated, as the government’s plans in the next five years include $40.5bn in spending on major projects in energy,...
Wi-Fi has never truly caught on in Mongolia. In its 2011 White Paper, the Information, Technology, Post and Telecommunications Authority (ITPTA) noted that only 0.2% of all internet connections were made using that method, which was even less than connections made using dial-up, which came in at 0.7% of the total. The most popular way of accessing...
Sales staff at the Montblanc shop in Central Tower say that business is brisk in $600 pens. While this is an interesting isolated trend, what is happening everywhere outside the luxury shops on Sukhbaatar Square is the real story for Mongolia. For in the space of a few short years, habits have changed and the country suddenly has a consumer culture...
Long established as an adventure tourism destination, Mongolia is making a more concerted push to attract travellers seeking sporting activities. The new government is promoting more natural niches like bird-watching and hunting, as well as traditional festivals celebrating activities such as the “three manly sports” of wrestling, archery and horse...
The sparse population, landlocked location and extreme climate make developing Mongolia’s transportation and logistics infrastructure a prominent challenge. Deciding how to allocate the state’s limited resources is a complex question at a time when spending is needed in so many areas in order to remove the bottlenecks holding back economic growth....
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