Mongolia is the world’s nineteenth largest country with strong historical and economic ties to China and Russia. 800 years after the Mongolian Empire the country is struggling to revive and restructure its economy and need foreign investments for downstream agriculture, untapped mineral exploitation and IT.
Promising ICT* Segments
The mobile market is undergoing a remarkable boom. The number of subscribers is growing at an average rate of close to 50% per year. A WiMAX network has been already deployed in Mongolia's capital, Ulaanbaatar. Fixed-line network is expanding relatively fast.
* IT, Communications & Technologies
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Growth Outlook
Improving. J&P expects a CAGR for combined Telecom, IT and Media services to grow by 30-35% reaching $1.15 billion by 2011. The private sector's share in the economy has increased to 85%.
Contact J&P for advice on investment opportunities
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Investments
FDI was $500mln in 2007 mainly from China, Russia, the European Union, Japan, and Korea.
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Interesting FactsHighest mountain Khüiten Peak at 4,374 m Average size of household 3.2 people |
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