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MNCCI: Pandemic impact on construction industry remains high www.zgm.mn
According to a survey by the Mongolian National Chamber of Commerce and Industry (MNCCI), the COVID-19 epidemic is affecting construction businesses, with an average of 96 percent of respondents saying it has had a “moderate to severe impact on operations”. About 48.7 percent of the respondents said that the pandemic had a severe impact on the construction business, while 28.2 percent admitted that it had a moderate impact. In terms of its impact on employment, 51 percent of respondents said it had a notable impact on the construction sector. The Mongolian Builders Association had previously reported that the construction sector is facing a shortage of professional staff. Industry experts also assume that COVID-19 could lead to further job losses as some facilities in the construction sector come to a standstill.
Published Date:2020-05-01
