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Construction in Mongolia - Key Trends and Opportunities (H2 2021)

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    Report

  • 18 Pages
  • November 2021
  • Region: Mongolia
  • GlobalData
  • ID: 5517898
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In response to the continuous increase in Coronavirus (COVID-19) cases between mid-April 2021 and September 2021, the Mongolian government reintroduced lockdown restrictions. Given the impact of these restrictions on activity, the construction industry is expected to contract further this year, by 15.1% in real terms, following an annual contraction of 3.2% in 2020. However, with progress on Mongolia’s vaccination programme accelerating, and consumer and investor confidence beginning to improve, the industry is expected to record growth of 14.9% in real terms next year.

the publisher expects the Mongolian construction industry to expand at an annual average rate of 3.7% between 2023 and 2025, supported by the government’s investment on the development of transport infrastructure and residential and energy and utilities construction projects. The 2021-2024 recovery plan, launched by the Asian Development Bank (ADB) in August 2021, to drive the economic recovery of Mongolia, focuses on three priorities: inclusive social development and economic opportunity; climate-resilient infrastructure; and sustainable, green and climate-conscious development. Under the first priority, the ADB will provide finance, jobs, health support and skills to those affected by the COVID-19 crisis; the second priority will be the improvement of Mongolia’s transport network through significant investment; and the third priority will be the strengthening of green development.

In September 2021, the Finance Ministry submitted its 2022 Budget framework statement to the Mongolian parliament, which focuses on the post-pandemic recovery through increasing employment and productivity, and includes the implementation of policy measures to stabilize economic growth. Additionally, at a cabinet meeting in May 2021, Prime Minister L. Oyun-Erdene passed an order to allocate MNT420 billion (US$144.2 million) annually between 2022 and 2024 towards the development of Mongolia’s road network, in order to reduce traffic congestion. The government aims to provide 500 to 1,000 eco-friendly bus services by 2024, and to develop 290 public transit parks. Furthermore, the government is planning the construction of 5,000-vehicle capacity parking facilities, six tunnels, six crossroads, seven bridges, 98km of pedestrian sidewalks and a 249km bike path.

the publisher’s Construction in Mongolia - Country Briefing (H2 2021) report provides detailed market analysis, information and insights into the Mongolian construction industry, including -
  • The Mongolian construction industry's growth prospects by market, project type and construction activity
  • Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Mongolian construction industry
  • Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope


This report provides a comprehensive analysis of the construction industry in Mongolia. It provides -
  • Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Mongolia, featuring details of key growth drivers.
  • Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
  • Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
  • Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy


  • Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
  • Assess market growth potential at a micro-level with over 600 time-series data forecasts.
  • Understand the latest industry and market trends.
  • Formulate and validate strategy using the publisher's critical and actionable insight.
  • Assess business risks, including cost, regulatory and competitive pressures.
  • Evaluate competitive risk and success factors.

1 Construction Outlook2 Construction Industry: At-a-Glance3 Latest News and Developments4 Project Analytics5 Construction Market Data6 Risk Profile
7 About The Publisher
7.1 Definitions
List of Tables
Table 1: Construction Industry Key Data
Table 2: Mongolia, Top Construction Projects by Value
Table 3: Mongolia, Construction Output Value (Real, US$ Million)
Table 4: Mongolia, Construction Output Value (Nominal, MNT Billion)
Table 5: The Publisher Construction Market Definitions
List of Figures
Figure 1: Mongolia, Construction Output Value (Real, US$ Million, 2017 Prices and Exchange Rate), 2016-2025
Figure 2: Mongolia, Construction Output Value, by Sector (Real, US$ Million), 2016-2025
Figure 3: East Asia, Construction Output (Real % Change), 2020 and 2021
Figure 4: Mongolia, Construction Projects Pipeline by Sector (US$ Billion)
Figure 5: Mongolia, Construction Value Add (MNT Million, 2010 Constant Prices)
Figure 6: Mongolia, Gross Fixed Capital Formation (MNT Billion, 2010 Constant Prices)
Figure 7: Mongolia, Service Sector Value Add (MNT Million, 2010 Constant Prices)
Figure 8: Mongolia, Manufacturing Value Add (MNT Million, 2010 Constant Prices)
Figure 9: Mongolia, Exports (In US$ Million)
Figure 10: Mongolia, Number of Inbound Foreign Passengers
Figure 11: Mongolia, Construction Projects Pipeline, Value by Stage (US$ Million)
Figure 12: Mongolia, Risk Summary
Figure 13: Mongolia, Risk Regional Comparison