Mongolia has been the world's fastest growing economies for the past few years and is set to continue growing at a stupendous pace for the coming decade. With such growth comes enormous challenges as well as opportunities.
While M.A.D. is primarily concerned with the Ulaanbaatar Real Estate Environment, we follow closely all aspects of the economy and the political reforms currently taking place. Everything impacts what we do and how we operate, we must therefore keep a close watch on all the various facets of the country. We are in a constant discussion with stakeholders, investors and policy makers to try to gauge what the investment climate will be like in a few years.
Living in Mongolia itself is exciting, fun and unique. There are many of the challenges typical of frontier markets; a growing wealth gap, a scarcity of products and a rapid urbanisation that contributes to considerable chaos in the city. The winters are long and cold, the winter pollution is tough to get used to and the scarcity of seafood, fresh fruits and vegetables can take some getting used to but it is all getting better very quickly.
On the plus sides, the country is stunningly beautiful and untouched. The nomads are welcoming and their culture one of the most fascinating in the world. Mongolia is unlike any other place on earth and must be experienced as it is truly a "one in a lifetime" destination.
The expat community here is fun and exciting with lots of stories about their global adventures but it is also small. UB is known as 'the village' as everyone knows everyone else. This means that access to decision makers and the primary actors of Ulaanbaatar is easy but it also means that everyone knows what everyone else is doing.
The most exciting thing about living and working in Ulaanbaatar is quite possibly the sense of making a real difference to the future of the country, one cannot help but be involved in the development of the city and through the work that M.A.D. does, the results are often rapid and staggering.