Mongolia: Growth, Megaprojects and Strategic Opportunities

Écrit par Contact stepbysteppe

Business France organise sa mission en Mongolie.

On February 10, 2026, Step By Steppe participated in a Business France webinar dedicated to Mongolia’s economic outlook and opportunities for French companies, opened by H.E. Ulambayar Nyamkhuu, Ambassador of Mongolia to France.

Mongolia is entering an acceleration phase (2026–2030), supported by:

  • +5% average post-Covid GDP growth

  • +60% increase in foreign direct investment over the past five years (60% originating from the EU)

  • A strong diversification strategy, as 85% of exports currently go to China

  • An ambitious national development agenda including 24 megaprojects in Ulaanbaatar (metro, tramway, cable car, urban modernization)

Strategic Sectors

Energy & Energy Transition

  • 262 sunny days per year

  • Major wind potential

  • Large-scale solar, wind and hydrogen projects under development

Transport & Infrastructure

  • Railway and road modernization

  • Urban transport systems and connectivity upgrades

Industry & High Technology

  • Strategic partnership with Orano

  • Cooperation with Thales Alenia Space

  • Growing industrial diversification beyond mining

Within its “Third Neighbor” policy, Mongolia is strengthening partnerships with Europe and actively seeking long-term, value-driven French partners.

Focus: Geothermal Development

Step By Steppe is currently advancing a geothermal pilot project in Mongolia and is actively seeking French companies specialized in geothermal drilling and related technologies. Mongolia’s window of opportunity is real — and open.

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