Rapid economic expansion in Mongolia over the past half-decade has played out across many of the country’s constitutive industries, and construction is no exception. According to the National Statistical Office (NSO), works carried out in 2014 totalled MNT2.2trn ($1.3bn), up 16.3% on 2013. Much of this growth took place in the residential segment, which has been the...
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Articles & Analysis | Construction activity in Mongolia driven by the residential and infrastructure segments from The Report: Mongolia 2015
Interviews & Viewpoints | G. Batdorj, Executive Director, Khutul Cement Shohoi JSC: Interview from The Report: Mongolia 2015
Articles & Analysis | The prices of building inputs on the rise in Mongolia's construction sector, driven by fast-growing demand for materials from The Report: Mongolia 2015
In 2014 Mongolia’s construction industry saw a major uptick in output. Driven in large part by the government’s ongoing residential housing development programmes, the sector grew by 16.3% over the course of the year, according to data from the National Statistical Office. One key challenge during this period of rapid expansion has been sourcing construction materials....
Interviews & Viewpoints | B. Jugder, President, National Development Corporation: Interview from The Report: Mongolia 2015
What can construction companies do to remain competitive despite the economic downturn?
Articles & Analysis | A handful of segments driving property development in Mongolia from The Report: Mongolia 2015
Despite a number of macroeconomic headwinds, in 2013 and 2014 Mongolia’s real estate market expanded substantially. This growth can be attributed to a range of forces, including government-led construction projects; a state-sponsored mortgage scheme; fast-growing demand for commercial retail space; and, more broadly, increasing urbanisation and rising incomes among the...
Articles & Analysis | A series of new logistics projects under construction in Mongolia from The Report: Mongolia 2015
The need for transportation improvements in Mongolia is well recognised, and the government has focused resources and expended considerable political will on building roads and rail links, and in developing the new international airport. Where the authorities and Mongolia’s private sector have been lagging, however, is in the area of logistics. Connections are not...