 While not on the level of multinational corporations, most of these companies are multi-sector conglomerates with far-reaching influence in the country.Ulaanbaatar (Urga) has been a key location where the economic history and wealth creation of the nation has played out.Unlike the highly mobile lifestyle of herders nomadizing between winter and summer pastures Urga was set up to be a semi-permanent residence of the high lama Zanabazar.