Hidden Champions of Mongolia

Mongolia is a landlocked country, sandwiched between China and Russia. Although it is a country with a relatively young economic history, Mongolia has been in the spotlight due to its recent economic development and explosive double-digit growth in the early 2010s. It is rich in mineral resources and multinational mining giants have a keen interest in tapping into them. Although it became a free market economy only in 1990, the country has seen considerable growth since then. Though still considered a small nation in the global context, the number of SMEs is constantly growing. Out of 90 companies that were studied for this project, the four most interesting ones have been further analyzed for this chapter. The companies do not completely fulfill the hidden champion criteria, but their operations and outlook suggest that they are potential hidden champions.