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Overview

Answering the call: The government is helping the sector develop, with take-up rates high
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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. SLOW START: The country spent most of the 20th century…

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Bricks and mortar: Conditions are set for ongoing expansion
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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 projects are currently under way or in the initial…

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Make the connection: A small population spread over a huge area creates a number of hurdles
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Like most sectors, the technology industry in Mongolia is just getting started. Broadband networks are still in development, and internet and computer penetration rates are low. Getting everyone plugged in and computer-literate is going to be a challenge due to the country’s geography – Mongolia is the least densely populated nation in the world, and a large chunk of the population remains…

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Call of the wild: A wide range of options opens up vast potential
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Almost a byword for remote landscapes, Mongolia exerts a strong pull on the adventurous traveller, and its unique offerings are being discovered by a new generation of visitors. The industry has a small but expanding base of business and backpacker tourists coming to explore and develop its economic potential, while the country looks to strengthen its leisure segment. Tourism has blossomed in…

Overview

Built ambition: Wider economic growth is underpinning demand
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Thanks to rapid economic growth and the unleashing of rising demand, Mongolia’s real estate sector is currently experiencing something of a comeback. Centred on and dominated by Ulaanbaatar, the market has experienced a strong growth in activity as well as yields in 2010-11, with the expectation that this expansion will continue into 2012. In the first quarter of 2011 alone, according to R2…

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Planting the seeds: Despite several hurdles, the sector is beginning to revitalise
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With agriculture accounting for around 20% of Mongolia’s GDP and providing employment for 35-40% of its population, the sector is clearly not only a central pillar of the country’s economy, but also of its social structure. Both these pillars are undergoing substantial changes, however, as Mongolia urbanises while also shifting much of its economic focus towards mineral extraction and industrialisation.…

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Access and opportunity: Decentralisation efforts and private sector involvement
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A programme of investment and reform has changed the face of education in Mongolia as the sector has transitioned from a centralised, state-dominated Soviet system to a considerably more dynamic model. The government has focused resources and reform efforts on the basic educational system with international support. The private sector is also playing a significant part in supporting the transformation…

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Wellness and efficiency: The landscape of the sector is seeing major changes
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A sea change is taking place in Mongolia’s health sector as a solid but somewhat unresponsive model is overhauled. The reform programme is very much a work in progress, but the country is experiencing the emergence of a modern, well-funded system with a growing role for the private sector. STATISTICS: Mongolia already performs well on basic health indicators, having made extensive progress…

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A flourishing market: New publications are vying for a share of rising demand
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With hundreds of newspapers, magazines, and television and radio stations, Mongolia’s media scene is competitive, dynamic and increasingly varied. The two decades since the fall of communism have seen the sector bloom, and new outlets emerge every year. The market is somewhat fragmented, but there are strong players in every sector, and investment and more international partnerships are helping…

Overview

Wider reach: Spend on adverts driven by broader economic expansion
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Strong consumer demand and a broadening range of media outlets with wider audiences are driving Mongolia’s advertising market. Traditional media like newspapers and television continue to be the focus of most advertising, though the indoor segment is a developing niche. The sector is forecast to see double-digit economic growth in 2011 and 2012, and a sustained expansion thereafter, with incomes…