Construction / Infrastructure in Mongolia
-
Mongolia steps up transport infrastructure
MONGOLIA, 2015/12/27 With renewed backing from international lenders, Mongolia is moving ahead with plans to broaden its logistics base and improve access to export markets, with a raft of transport infrastructure projects shifting into gear. While a slowdown in the world commodities market is expected to see GDP additional than halve from 7.8% in 2014 to 3.5% this year, according to the IMF, Mongolia’s drive to boost exports, tourism and trade has kept the funding of key transport projects on track. Rail and aviation projects are seen as particularly pivotal for increasing the country’s logistical capacity, with construction firms set to benefit throughout the development stage.
- Trending Articles
-
- QATAR: Qatar Airways transit business in jeopardy
- EGYPT: Egypt foreign reserves at highest since 2011 uprising
- QATAR: Qatar plans to boost gas production by 30%
- EGYPT: Egypt announces new sharp increase in fuel prices
- MOROCCO: Morocco delays currency reform amid speculation
- SAUDI ARABIA: Saudi stock market bullish on new heir
