Following real growth of 14% and 15.9% in 2024 and 2025 respectively, The analyst expects the construction industry in Mongolia to grow by 6.1% in real terms in 2026, supported by investments in the development of a rising foreign direct investment (FDI) in the construction sector and an increase in construction employment, coupled with investment in real estate projects. According to the Mongolian National Statistics Office (NSO), FDI in the construction industry grew by 1.6% in 2025, while it grew sharply by 95.9% for real estate activities, over the same period, reflecting an improvement in investor confidence in the real estate sector.
Over the remainder of the forecast period, The analyst expects the Mongolian construction industry to record an annual average growth of 3.2% between 2027 and 2030, supported by investments in transportation, electricity, and infrastructure sectors. To support infrastructure, the government announced in early April 2026 a tender for the Ring Road project valued at MNT3.2 trillion ($831.4 million). The scope covers the delivery of a 24.8km six-lane road, supported by 9km of bridges and 2km of tunnel works within Central Ulaanbaatar city, with completion targeted for 2028. In addition, construction activities commenced in March 2026 on the Tuul highway project, which involves a 32km road corridor running from Bayanzurkh Bureau to the Safety Circle, alongside a 12.8km bridge section and 369m of tunnels distributed across seven locations. The project is being implemented at an estimated cost of MNT2.3 trillion ($597.6 million) and is scheduled for completion by 2027.
Over the remainder of the forecast period, The analyst expects the Mongolian construction industry to record an annual average growth of 3.2% between 2027 and 2030, supported by investments in transportation, electricity, and infrastructure sectors. To support infrastructure, the government announced in early April 2026 a tender for the Ring Road project valued at MNT3.2 trillion ($831.4 million). The scope covers the delivery of a 24.8km six-lane road, supported by 9km of bridges and 2km of tunnel works within Central Ulaanbaatar city, with completion targeted for 2028. In addition, construction activities commenced in March 2026 on the Tuul highway project, which involves a 32km road corridor running from Bayanzurkh Bureau to the Safety Circle, alongside a 12.8km bridge section and 369m of tunnels distributed across seven locations. The project is being implemented at an estimated cost of MNT2.3 trillion ($597.6 million) and is scheduled for completion by 2027.
The Construction in Mongolia - Country Briefing (H1 2026) report provides detailed market analysis, information, and insights into Mongolia’s construction industry, including:
- Mongolia's 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 Mongolia's construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
Report Scope
This report provides a comprehensive analysis of the construction industry in Mongolia. It provides:
- Historical (2021-2025) and forecast (2026-2030) 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 our 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 business strategies using the analyst's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance3 Latest news and developments4 Project analytics5 Construction Market Data6 Risk Profile
7 Appendix
List of Tables
List of Figures
