Building and Construction Sector
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In 2019 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. Only a handful of domestic companies produce building supplies in Mongolia – primarily cement, concrete, bricks and a small number of iron products. The bulk – around 70% – of the construction materials used in the country are imported, and the largest suppliers are China, Russia, South Korea and Germany.