As the entire economy has been hit hard by the outbreak of the COVID-19, the construction industry is currently facing dramatic and disruptive challenges. Specifically, construction operations which to be funded by budget investment are slowing down and major housing projects have been remained stagnant this year. The supply of construction and building materials is holding up due to logistics; however, there are no difficulties in construction sectors such as shortages in importing materials. Mongolian Builders Federation highlighted “Since most of the construction materials are produced domestically, it is possible to operate completely the main construction and frameworks during this difficult time.” Barilga.mn also reported that the previous recession in the construction sector was not completely resolved, but the next crisis occurred.

Published Date:2020-04-23