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Analysis

Only the best: High-end shopping is coming into its own in the capital
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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, Sukhbaatar Square, has emerged as a very visible…

Analysis

In from the cold: A major housing project could have a positive impact on many families
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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 important tasks carried out by the construction…

Analysis

Rural areas rising: The government plans to revitalise the heartland
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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%, respectively. By 2000 the capital was home…

Analysis

Research party: Content development is among the priorities in the coming years
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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 insufficient. The Information Communications Technology…

Analysis

Space race: Demand for non-residential property is on the rise
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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. More recently, however, some of these developments…

Analysis

Urban migration: The rapid growth of cities creates challenges for planners
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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 “future urbanisation will drive integration of…

Analysis

Down on the farm: Achieving self-sufficiency and raising standards for milk production
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Dairy farming has long been recognised as a key part of the nation’s agricultural economy, and as a result, moves are now under way to bring the segment back up to international standards. A keen eye is being kept on trends in Asia’s dairy market, with likely future growth in consumption making the segment a potentially strong exporter for Mongolia, if it can find the right formula to meet…

Analysis

Harvest time: Investment and support programmes have paid dividends for crops
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Preliminary results from the Ministry of Food, Agriculture and Light Industry (MFALI) for the September-October 2011 harvest showed the Mongolian crop sector to be in fine form. With the numbers bigger than ever demonstrating, for many in the sector, the success of recent government moves to support agricultural development with a major investment of financial and political capital. Central to…

Analysis

A different direction: Market reforms will completely realign the sector
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Over the two decades since democracy and the free market were instituted in Mongolia, a steady process of health care reform has taken place. The introduction of national health insurance, administrative changes that include decentralisation and rationalisation of facilities, as well as international financial and technical support, have helped the system recover from the ructions of transition.…

Analysis

Learning the ropes: Tertiary institutions are in the spotlight
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Mongolia’s rapid economic growth and development is catalysing the expansion and internationalisation of its higher education system. A dynamic, if fragmented, private sector has emerged over the past two decades, competing with solid public institutions. Demand is rising steadily as new job opportunities open up and disposable income rises. This trend is likely to continue over the next several…