Country Profile
Introduction
Mongolia has recently topped lists as one of the world’s fastest growing economies, holding a massive wealth of mineral resources. With an outward-looking professional business community, democratic government and rapidly improving living conditions, many international investors are turning their attention to this previously overlooked corner of Asia.
Landlocked between Russia and China, Mongolia is a country of extremes. Despite having the coldest capital city in the world1, summer temperatures can exceed forty degrees Celsius. The climate is arid, but when it does rain, it can be torrential.
Although very thinly populated, with approximately three million people in an area the size of Western Europe, city housing stock is in short supply and the cosmopolitan atmosphere of central Ulaanbaatar contrasts with the remote existences of smaller communities.