05 May 2013 (3:00 pm-4:00 pm, Banquet Hall A)

Objective

The main aim of the Republic of Kazakhstan’s Country Presentation is to introduce Kazakhstan as one of the leading and fast growing countries in Central Asia by showing its economic and investment potentials along with its rich cultural heritage.

Background

Kazakhstan is on its way to becoming one of the most attractive investment destinations in the world. Political stability and a favorable business climate have provided a substantial FDI inflow to Kazakhstan. Since 1993, Kazakhstan has attracted FDI of over $136 billion. Kazakhstan's economy is growing at a steady pace - from the year 2000 to 2012 GDP increased by more than 11 times (from $18.3 billion to $201.7 billion). Kazakhstan joined the group of middle-income countries, as defined by World Bank Classification, demonstrating one of the best economic achievements among CIS countries (GDP per capita is $11,356 as per 1st of January, 2012).

Furthermore, Kazakhstan’s central location offers tremendous potential for providing strategic channels for emerging transcontinental routes between Asia and Europe. Transit traffic is forecasted to generate increasing annual revenues and the country has much to gain from leveraging its strategic location.

Kazakhstan has set an ambitious objective to become a top 30 most developed country in the world by 2050. The accomplishment of this goal will be provided by further structural transformation of the economy and its modernization. The economic and structural policies will aim to achieve an inclusive and sustainable long-term output growth. Moreover, Kazakhstan is committed to promote the Green Economy and it will be highlighted by EXPO 2017, which will be held in Astana. All of these will help Kazakhstan pave its way towards becoming the most attractive investment center in the world by building a modern industrial and knowledge based economy.