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Press Release
Source: Government of Kazakhstan
San Diego to Welcome Delegation for Business Opportunities in Kazakhstan
Friday August 12, 11:15 am ET
San Diego Will Be The Host City To A Delegation From Kazakhstan For A Trade Conference At The Hotel del Coronado On September 8th and 9th 2005
ASTANA, Kazakhstan, August 12 /PRNewswire/ -- Kazakhstan, one of the world's fastest growing market economies, a major oil producer and economic powerhouse of Central Asia, is eager to diversify its economy and develop its great potential in new technologies.
New business opportunities in Kazakhstan will be presented to companies from the United States, Canada and Mexico, at a major trade and investment conference at the Hotel del Coronado in San Diego, CA, on September 8-9, 2005.
The conference, entitled "KAZAKHSTAN Industrial and Innovation Strategy: New Business Opportunities," is organized by the Embassy of the Republic of Kazakhstan in cooperation with the U.S.-Kazakhstan Business Association, the Asia Society, Caspian Investor, San Diego World Trade Center and with support of U.S. Chamber of Commerce. Congressman Darrell Issa (R-CA), representing a San Diego district in the U.S. House of Representatives, will be a featured speaker.
The goal of Kazakhstan's Industrial and Innovation Strategy for 2003-2015 is a diversification of the country's economy by developing non-extractive industries through technological innovation. The government of Kazakhstan will contribute $260 million annually to implement the Strategy.
The conference will provide U.S. businesses an occasion to explore firsthand the new opportunities Kazakhstan has to offer, mix and mingle with key Kazakh government and business decision makers, open channels of communication, and develop business relationships.
The conference agenda will include briefings from senior officials on Kazakhstan's priorities in using advanced technologies to diversify the economy. It will feature updates on Kazakhstan's business environment, government support of the emerging technology sector, investment projects supported by the newly established development institutions, and tax incentives. American executives working in Kazakhstan for many years will talk about their success stories, while U.S. administration officials will share their vision of the two countries' partnership.
The presidents of Kazakhstan and the United States support this conference and sent messages to the participants. President George W. Bush said: "My Administration is dedicated to strengthening the partnership between our two nations on issues such as security, energy, economic reforms, and democracy, while respecting our traditions of freedom and human dignity.
This conference provides an opportunity to increase understanding about Kazakhstan's business environment and the development of its technology, health care, science, service sectors."
President Nursultan Nazarbayev said: "Relations of strategic partnership between Kazakhstan and the United States serve as a solid foundation for fruitful cooperation in all fields, first of all in economy and security." He called the industrial and innovation strategy "a crucial tool" for Kazakhstan's future development, and expressed confidence "the American business community will take maximum advantage of these new opportunities for doing business in Kazakhstan."
The delegation is to be led by Sauat Mynbayev, Kazakhstan's Deputy Prime Minister and Minister of Industry and Trade and will include Minister of Foreign Affairs Kassymzhomart Tokaev, Minister of Energy and Mineral Resources Vladimir Shkolnik, Minister of Economy and Budget Planning Kairat Kelimbetov, Minister of Transport and Communications Kazhmurat Nagmanov, and Minister of Health Yerbolat Dossayev, as well as leaders of largest government and private companies.
The conference will provide business people the opportunity to have bilateral meetings with key government and business figures from Kazakhstan.
Since its independence in 1991, Kazakhstan has attracted more than U.S. $40 billion in foreign direct investment and is a leader in the post Soviet domain in terms of foreign investment per capita. Kazakhstan received more than 80 percent of all foreign investment in Central Asia, and its economy is twice as large as the combined economies of all countries of the region.
More than 300 companies with American participation work in Kazakhstan today. The United States is the largest investor in Kazakhstan and accounts for more than a third of the total of foreign direct investment in the country.
Contact Info: Ivan Pandev
Consultant
Marston-Nicholson
18 rue Duphot
75001 Paris
France
+33-(0)1-42-96-46-00
