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Mongolia Institutional Building Design & Construction Industry Analysis
The institutional building construction projects industry in Mongolia is currently experiencing steady growth, driven by the increasing demand for new and upgraded institutional buildings, such as schools, hospitals, and government buildings. The government's focus on infrastructure development is also supporting the growth of the industry.
One of the challenges faced by the industry is the shortage of skilled workers and the high cost of construction materials. Additionally, the industry is also impacted by political and economic instability, which creates uncertainty for investors and contractors.
Despite these challenges, the industry is expected to continue to grow in the coming years, driven by the government's focus on infrastructure development and the increasing demand for new and upgraded institutional buildings. The use of modern construction technologies, such as Building Information Modelling (BIM) software, is also expected to support the growth of the industry.
In conclusion, the institutional building construction projects industry in Mongolia is facing challenges, but is expected to continue to grow in the coming years, driven by government support and the increasing demand for new and upgraded institutional buildings. The adoption of innovative construction technologies, such as BIM, is also expected to support the growth of the industry.
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