Friendly too often people would make a mistake get

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friendly. Too often people would make a mistake, get one digit wrong and end up in the wrong place. He found this very frustrating and decided to create a solution that would have the accuracy of coordinates, but would also be user-friendly and easy to communicate. what3words is exactly that. It uses an algorithm to convert GPS coordinates into a simple 3 word address, and a 3 word address into GPS coordinates. 3. How did the company first come to be involved in Mongolia? Back in the summer of 2016, Mongol Post became the first postal service in the world to adopt what3words as nationwide addressing system. Mongol Post want to reduce their operational costs due to delivery inefficiencies. They also recognise that more and more packages are being delivered through e-commerce and want to scale their logistics to take advantage of this increase in volume. what3words is helping them achieve this by providing their customers with an easy-to-use system that generates an accurate delivery address using GPS coordinates.
2.1 AN INTRODUCTION TO ULAANBAATAR 2.1 AN INTRODUCTION TO ULAANBAATAR 113 112 The properties were advertised giving a possible yield of 22% but when let actually yielded 19% The most desirable areas of Ulaanbaatar, seem in part, to be determined by proximity to green space Mongolia was the first country to adopt what3words as a national addressing system, and now five more countries have followed suit: Côte d’Ivoire, Djibouti, Tonga, Sint Maarten and the Soloman Islands. What advice would you give others considering acquiring property in Mongolia? When the world economies start to improve, demand for the natural resources that Mongolia is so rich in will once again drive prices up again which in turn will revitalize the property market in Mongolia, then and only then, against a politically stable background the time will come to invest into this market again. Lord Newborough’s story is fairly typical of investment in a challenging emerging market, far from home. A 19% yield tends to only be possible in countries at a certain point in their arc of development. The bigger question, concerns whether risk is commensurately high. This is a question of interpretation and measure. As Newborough mentions, Mongolia’s resource endowment is likely to offer upside potential in the medium term, but there are bound to be bumps along the way. It is certainly fair to say that Mongolian real estate investment does not fit neatly in every pension portfolio. Those able to take a longer term view and price risk, however, may be rewarded by a conducive investment climate, and outsized returns. Lord Newborough, is a British landowner and entrepreneur. His Rhug Estate in Wales provides award winning produce to the hospitality sector globally – from the Burj al Arab in Dubai to the Ritz and the Dorchester in London. A seasoned entrepreneur with experience in Sierra Leone and Australia, his other successful enterprises include a circuit board company, sold to British Aerospace. He currently owns residential real estate in

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