Mongolia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Description
Mongolia Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H2 2025)
Summary
GlobalData expects the construction industry in Mongolia to grow by 9.5% in real terms in 2025, supported by public and private sector investments in the development of energy, transport network, and residential construction projects. According to the Mongolian National Statistics Office (NSO), construction value-add grew by 34.5% year on year (YoY) in real terms in Q2 2025, preceded by a YoY decline of 0.8% in Q1 2025 and a YoY growth of 16.8% in Q4 2024. Furthermore, rising foreign direct investment (FDI) is expected to boost construction development. According to NSO, foreign direct investment in the construction industry rose by 7.7% YoY in Q2 2025, following YoY declines of 43.1% in Q1 2025 and 55.6% in Q4 2024, reflecting growing investor confidence in the country’s energy sector and infrastructure development. In April 2025, the construction of Bagakhangai-Khushig Valley branch railway project was started.
Over the remainder of the forecast period, GlobalData expects the Mongolian construction industry to record annual average growth of 4.3% between 2026 and 2029, supported by investments in transportation, electricity, and infrastructure sectors. In September 2025, the government submitted the draft Law on the State Budget of Mongolia for 2026 to the Parliament. In the draft budget, the government estimated a total expenditure of MNT32.98 trillion ($9.6 billion) for 2026, with an aim to ensure macroeconomic fiscal stability, increase citizens’ income, and improve the quality and accessibility of basic social services. The 2026 Draft State Budget includes funding for a total of 579 projects and programs through state budget investment, including 149 new projects to be implemented in 2026 and 430 continuing projects from the previous year. In the 2026 Draft Budget, the government announced plans to invest MNT3.9 trillion ($1.1 billion) in the energy sector in 2026. Furthermore, the government has set a national goal to achieve 100% enrollment in education in the draft budget.
GlobalData’s Construction in Mongolia - Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into the Mongolian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Mongolia. It provides -
Summary
GlobalData expects the construction industry in Mongolia to grow by 9.5% in real terms in 2025, supported by public and private sector investments in the development of energy, transport network, and residential construction projects. According to the Mongolian National Statistics Office (NSO), construction value-add grew by 34.5% year on year (YoY) in real terms in Q2 2025, preceded by a YoY decline of 0.8% in Q1 2025 and a YoY growth of 16.8% in Q4 2024. Furthermore, rising foreign direct investment (FDI) is expected to boost construction development. According to NSO, foreign direct investment in the construction industry rose by 7.7% YoY in Q2 2025, following YoY declines of 43.1% in Q1 2025 and 55.6% in Q4 2024, reflecting growing investor confidence in the country’s energy sector and infrastructure development. In April 2025, the construction of Bagakhangai-Khushig Valley branch railway project was started.
Over the remainder of the forecast period, GlobalData expects the Mongolian construction industry to record annual average growth of 4.3% between 2026 and 2029, supported by investments in transportation, electricity, and infrastructure sectors. In September 2025, the government submitted the draft Law on the State Budget of Mongolia for 2026 to the Parliament. In the draft budget, the government estimated a total expenditure of MNT32.98 trillion ($9.6 billion) for 2026, with an aim to ensure macroeconomic fiscal stability, increase citizens’ income, and improve the quality and accessibility of basic social services. The 2026 Draft State Budget includes funding for a total of 579 projects and programs through state budget investment, including 149 new projects to be implemented in 2026 and 430 continuing projects from the previous year. In the 2026 Draft Budget, the government announced plans to invest MNT3.9 trillion ($1.1 billion) in the energy sector in 2026. Furthermore, the government has set a national goal to achieve 100% enrollment in education in the draft budget.
GlobalData’s Construction in Mongolia - Country Briefing (H2 2025) 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.
This report provides a comprehensive analysis of the construction industry in Mongolia. It provides -
- Historical (2020-2024) and forecast (2025-2029) 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
- 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 GlobalData's critical and actionable insight
- Assess business risks, including cost, regulatory and competitive pressures
- Evaluate competitive risk and success factors
Table of Contents
27 Pages
- 1 Executive Summary
- 2 Construction Industry: At-a-Glance
- 3 Latest news and developments
- 4 Project analytics
- 5 Construction Market Data
- 6 Risk Profile
- 7 Appendix
- 7.1 Definitions
- 7.2 CRI Methodology
- 7.3 About GlobalData
- 8 Contact Us
- List of Tables
- Table 1: Construction Industry Key Data
- Table 2: Mongolia, Top Construction Projects by Value
- Table 3: Mongolia, Construction Output Value (Real, $ Million)
- Table 4: Mongolia, Construction Output Value (Nominal, MNT Billion)
- Table 5: GlobalData Construction Market Definitions
- Table 6: Risk Dimensions
- Table 7: Ratings, Scores and Definitions
- List of Figures Figure 1: Mongolia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
- Figure 2: Mongolia, Construction Output Value, by Sector (Real, $ Million), 2020–29
- Figure 3: North-East Asia, Construction Output (Real % Change), 2023–29
- Figure 4: Mongolia, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
- Figure 5: Mongolia, Construction Value-add (MNT Billion, 2015 Constant Prices)
- Figure 6: Mongolia, Construction Cost Index (2015=100), % Changes YoY
- Figure 7: Mongolia, FDI in Construction Industry, (In $ Million)
- Figure 8: Mongolia, Employment in Construction Industry
- Figure 9: Mongolia, Housing Price Index (2023 January = 100)
- Figure 10: Mongolia, Service Sector Value-add (MNT Billion, 2015 Constant Prices)
- Figure 11: Mongolia, Wholesale and Retail Trade Value-add (MNT Billion, 2015 Constant Prices)
- Figure 12: Mongolia, Manufacturing Value-add (MNT Billion, 2015 Constant Prices)
- Figure 13: Mongolia, FDI in Manufacturing Sector, ($ Million)
- Figure 14: Mongolia, Mining and Quarrying Value-add (MNT Billion, 2015 Constant Prices)
- Figure 15: Mongolia, Exports (In $ Million)
- Figure 16: Mongolia, Number of Inbound Tourists
- Figure 17: Mongolia, Construction Projects Pipeline, Value by Stage ($ Million)
- Figure 18: Mongolia, Risk Summary
- Figure 19: Mongolia, Risk Regional Comparison
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