Kazakhstan is a powerful Central Asian country with ambitious plans to become top-50 country in the world of economy and competitiveness by 2015. On the back of very strong GDP growth spurred by crude oil and energy price hikes Kazakhstan is successfully diversifying its economy and becoming a regional “hub of excellence” for Internet, IT, Mobile and Telecommunications.
Promising ICT* Segments
Rapid development in the mobile market has seen mobile subscribers surge from 250,000 in 2000 to over 12 million in 2007. Although Internet penetration is low, there is a rising need in going online. According to J&P, the Kazak broadband market could reach $320-350 mln by 2010.
* IT, Communications & Technologies |
Growth Outlook
Positive. J&P expects a CAGR for Telecom, IT and Media services to grow by 30% yearly reaching $4.8 billion by 2011. Opportunities in Internet segment as well.
Contact J&P for advice on investment opportunities.
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Investments
FDI of $7.3 Bln in 2007 mainly from Kazakh, Turkish, S. Korean and Russian investors.
Contact J&P for advice on investment and M&A opportunities.
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Interesting FactsMountains & Deserts 50% of land mass Foreign Tourists 1.5 mln per year Price of a horse $2,500-3,500 |
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