Mongolia

Infrastructure is one of the hot topics in Mongolia and with good reason – noticeable improvements have been made in recent years, and considerable investments are ongoing. The tourism industry is no exception, intricately linked as it is to the transport sector.

With surging economic growth and a substantial amount of pent-up demand, Mongolia offers a wide range of opportunities for construction firms and investors. Indeed, figures from the third quarter of 2011 showed the sector expanding by a staggering 67% year-on-year (y-o-y) by value, up from 38% y-o-y growth in the second quarter. A wide variety of...

One of the most common concerns about the Mongolian tourism industry is that the country lacks a coordinated strategy and has not sufficiently promoted itself abroad. However, with the country looking to make tourism a major long-term economic driver, supporting diversification from mining and encouraging greater development – particularly in the...

Though investors have tended to focus solely on Ulaanbaatar when it comes to real estate development, the country also has a number of potentially promising second- and third-tier conurbations. Indeed, the nation’s mining surge is increasingly a determining factor in the development of urban centres outside the capital, both as new settlements...

The Mongolian information communications technology (ICT) sector marked its 90th year in 2011 – it was in 1921 that the new state installed its first telegraph machine. The same year the Mongolian Telegraphic Agency and the General Committee of Postal and Telegraphic Information were created, providing the beginnings of a telecoms sector.

The power and heating, hydrocarbons, renewable and nuclear segments of Mongolia’s energy structure are all undergoing important changes. These are occurring as the country tries to move away from its old dependency on one major fuel source – coal – and on its two giant neighbours – Russia and China.