Gates to investments of Central Asia

New York, 25 September 2008, (Khabar) - Investment forum "Gates to
investments of Central Asia" took place in New York. Kazakhstan also
participated into this forum.

Financiers, heads of industrial corporations and international investment funds, experts became interested in video
conference of Karim Massimov, Prime Minister of RK. Last year raise of
Kazakhstan's economy increased to 8,5% and during independence years volume
of direct foreign investments into Kazakhstan exceeded $70 billions. Most of
all investors are interested in fuel and energy sector but situation can
change.

Ariel Kohen, leading specialist on Russia and Eurasia:
- Kazakhstan wishes to go away from resource economy and become processing
state. All states that export resources face such a problem. It is not
innovation and that's why work in this sphere must be continued.

In general, investment climate in Kazakhstan is rather favorable and Anvar
Saidenov thinks it must be even improved.

Anvar Saidenov, chairperson of RK national bank:
- Our task is to diversify our economy and attract additional investments
into non raw material spheres as they still attract more foreign
investments, and we must create conditions for the investors.

The matter concerns creating of telecommunications, and Agency on regulation
of financial centre of Almaty is engaged in it and the republic has
prospects for cooperation with foreign investors.