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Analysis

A substantial number of new hotels set to come on-line in Mongolia in the coming years
OBG
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Lodging options for incoming visitors to Mongolia have increased dramatically over the past decade. While current, comprehensive data on the number and type of hotels is haphazard at best, according to recent estimates, Mongolia was home to at least 20 four- and fivestar properties as of the end of 2013, in addition to an equal number of two- and three-star hotels, although the capital, Ulaanbaatar,…

Overview

Restoring confidence, implementing legislation and addressing challenges in Mongolia's mining sector
OBG
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With a focus on curbing political risk to encourage new investment, Mongolian authorities are striving to build a competitive industry to develop the country’s abundant natural resources. Copper regained its place as Mongolia’s top export in 2014, and is the primary focus of new exploration alongside gold and niches like fluorspar and rare earths. With metallurgical minerals prices still depressed,…

Overview

With much undiscovered potential in Mongolia's energy sector, government laying the groundwork for future development
OBG
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Despite abundant resources, Mongolia has struggled to shore up its energy security and decrease its dependence on Russia for refined fuel and electricity. The government has made some headway in diversifying fuel imports and improving its terms of trade, while several mid-stream projects could develop domestic refined fuel production. Meanwhile, important refurbishments of Mongolia’s ageing power…

Overview

Transport works in Mongolia to lead to better integration with international networks
OBG
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The transportation situation in Mongolia has improved a great deal over the past few years. Substantial additions have been made to the road system, with a total of 5469 km being built between 2012 and 2016. The Streets Project has resulted in the reconditioning and redesigning of roads and intersections in the capital city, Ulaanbaatar, and this has helped unsnarl the everworsening traffic there.…

Overview

A handful of segments driving property development in Mongolia
OBG
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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 burgeoning middle class. While…

Overview

Construction activity in Mongolia driven by the residential and infrastructure segments
OBG
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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 focus of an increasing number…

Overview

Roll-out of new technologies in Mongolia's IT sector have continued to grow in recent years
OBG
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Over the past five years, Mongolia’s ICT industry has experienced rapid growth. As of the first half of 2013 the nation was home to more than 1m internet subscribers, up from fewer than 200,000 as of the end of 2010, for example. As in many other nascent technology markets around the world, the majority of this growth has taken place in the mobile segment. Almost 80% of subscribers accessed the internet…

Overview

Rapid mobile phone uptake in recent years has set the scene for growth in data services for Mongolia's telecoms sector
OBG
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Since it was liberalised in the early 1990s, Mongolia’s telecommunications sector has grown rapidly. As of the first half of 2014 the four major mobile operators – MobiCom, Unitel, Skytel and G-Mobile – reported more than 4.3m registered users in total, according to the country’s telecoms regulatory agency, the Communications Regulatory Commission of Mongolia (CRC). This figure is considerably…

Overview

Manufacturers in Mongolia make the most of resources and demand to build the country's industries
OBG
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Holding up during difficult times and helping to take the edge off the commodity cycle, industry in Mongolia has contributed significantly to the economy. While resource prices have been dropping and related economic activity and foreign direct investment are not at expected levels, manufacturing and processing have been growing, with industrial production up almost 15% in 2013, providing a measure…

Overview

Agriculture sector central to Mongolia's economy and cultural heritage
OBG
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Over the past decade or so the agriculture sector – one of Mongolia’s oldest industries – has remained integral to the country’s long-term development strategy, even as mining, telecoms and some other relatively new sectors have grown rapidly. Until just a few years ago the majority of Mongolia’s population was involved in herding or farming in one way or another, and as recently as 2011…