Events in Mongolia October 2024

Mongolia is a landlocked country located in East and Central Asia, bordered by China and Russia. The country has a population of approximately 3.3 million people and is known for its vast landscapes, including the Gobi Desert and the Mongolian Steppe. Mongolia's economy is primarily based on its rich mineral resources, agriculture, and animal husbandry. In this article, we will explore some of the key industries in Mongolia and their impact on the country's economy.

Mining is the most important industry in Mongolia, accounting for around 20% of the country's GDP and providing employment opportunities for thousands of people. The country is rich in mineral resources, including copper, coal, gold, and uranium. The Oyu Tolgoi copper and gold mine is the country's largest mining project and is operated by Rio Tinto, a multinational mining company. Other significant mining projects in Mongolia include the Tavan Tolgoi coal mine and the Boroo gold mine.

Agriculture and animal husbandry are also significant industries in Mongolia, providing employment opportunities for around 30% of the population. The country's unique geography and climate make it ideal for nomadic herding and the production of traditional dairy products. Mongolia is also a major producer of cashmere, with around 40% of the world's cashmere coming from the country.

Tourism is a growing industry in Mongolia, with the country's unique culture and natural landscapes attracting visitors from all over the world. The industry accounts for around 5% of Mongolia's GDP and provides employment opportunities for thousands of people. Popular tourist destinations include the Gobi Desert, Lake Khovsgol, and the ancient city of Karakorum.

Construction is an important industry in Mongolia, driven by the country's rapid urbanization and infrastructure development. The industry accounts for around 7% of Mongolia's GDP and provides employment opportunities for a significant portion of the population. Major construction projects in Mongolia include the Ulaanbaatar International Airport and the New Ulaanbaatar City development.

Mongolia has vast potential for renewable energy, with abundant sources of wind, solar, and hydropower. The country has set a target of producing 20% of its electricity from renewable sources by 2023. The development of renewable energy is seen as a key driver of economic growth and diversification in Mongolia.

In conclusion, Mongolia's economy is primarily based on mining, agriculture, and animal husbandry, but the country also has a range of other industries that contribute to its growth and development. Tourism, construction, and renewable energy are all important sectors that provide employment opportunities and drive innovation. Despite the challenges posed by the COVID-19 pandemic and other global events, Mongolia's economy has the potential to continue to grow and diversify in the years to come, providing opportunities for its people and investors alike.

Events in Mongolia 2024-2025

Date Exhibition name City and Exhibition center
02.10.2024 Mongolia Mining 2024 Ulaanbaatar, Buyant Ukhaa Sport Palace