The process of urbanisation globally is undeniable and irreversible. According to McKinsey, the world’s 600 major cities will house 2bn people by 2025, or 25% of the global population. These urban centres will generate 60% of global GDP. Similarly, an April 2011 report by Frost & Sullivan, a business research and consulting firm, noted that “...
Mongolia’s retail, office and hotel segments have seen some positive developments in recent years. High-end commercial space in the capital, Ulaanbaatar, is currently valued at something of a premium. As with the residential sector, the commercial segment was badly impacted by the international economic downturn in 2009, with many projects suspended...
Along with public sector support for its technology sector, Mongolia has a population with an increasing level of disposable income and a mind to try new technologies, if the rapid take-up in the mobile telephony market is any indication. One of the biggest limiting factors for the sector in the future is the national broadband network, which is...
Urbanisation has been a major factor in shaping modern Mongolia. Recent demographic changes in the country’s four major geographical areas have stark implications for the construction sector. In 1990 the percentages of the population living in the Western Region and the Khangai Region were similar to those living in Ulaanbaatar, at 20%, 27% and 26...
A central part of Mongolia’s ambitious New Development Programme (NDP) is the “100,000 houses” project. The aim of the scheme is simple – to construct 100,000 units of affordable family housing across the country, with the majority of these – 75,000 units – being built in Ulaanbaatar. Completing this programme will likely be one of the most...
Given Mongolia’s small population, almost half of whom are still nomads, the country does not seem at first glance like the ideal spot for high-end shopping. However some of the world’s most exclusive retailers have opened up in Ulaanbaatar. Central Tower, a Grade A office tower across from the city’s geographic, political and social focal point,...
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