What do you believe still needs to be done to promote Mongolia more effectively?
As Mongolia works to shore up its industries – investing in production facilities lacking in capital and working to improve sourcing methods – it is also paying attention to the far end of the value chain: marketing.
Progress at the Sainshand Industrial Complex should see Mongolia get more from its national assets. Most of the country’s resources are currently exported unprocessed, and the vast majority of the profits go elsewhere. At Sainshand, value will be added to raw materials so that Mongolia can realise gains currently being earned in other countries. "We...
On December 20, 2012, MobiCom extended its 3G network to Erdenebulgan soum (county), a remote area close to the Russian border with about 3000 inhabitants. For the company, which is the largest mobile operator in Mongolia, it was a significant step; it can now claim that it offers 100% 3G coverage in the country. Mongolia’s population density...
As Mongolians migrate to their capital city in search of work, Ulaanbaatar is increasingly suffering from traffic congestion. The Asian Development Bank (ADB) in summer 2012 approved a loan for a bus rapid transit (BRT) system that its designers expect will have a significant mitigating impact.
Thanks to a shortage of supply, Mongolia’s real estate sector is likely to feature fast-rising rents, land values and sales prices for at least the next several years and perhaps more. The market is highly focused on the capital city, Ulaanbaatar, which is under pressure due to a speedy rate of urbanisation; supply constraints due to capacity,...
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