Construction industry capacity to be increased four times in coming decade

2019-08-20 13:06:19

Ulaanbaatar /MONTSAME/. It has been calculated that thanks to effective implementation of the state policy on construction sector in three stages, the current capacity of the industry is likely to grow 1.38 times in 2020, 2.6 times in 2025 and 3.9 times in 2028. 

Within the framework of the midterm policy to develop construction sector till 2029, 25 activities with 8 objectives will be carried out in three stages, such as “Period to stabilize the construction sector”, “Starting point for active development” and “Period to develop at a level of developed countries”. Also, more than 400 construction norms and regulations and 600 standards will be renewed in the next ten years, bringing about a fourfold increase of the construction sector capacity. 

The aforementioned document approved by the government in 2019, which defines the leading directions of science and innovation in the sector, reflects goals to establish a scientific research center and introduce advanced methods, such as consulting service, project administration, and a complex database and international treaties concerning the construction industry.

The construction ministry noted that the midterm policy of the construction sector would ensure continuity of government actions and create a favorable environment to provide research-based policy and to achieve a success in the environmental, economic and social development of the country.