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Minister: Kazakhstan has an open economy

Business Materials 7 June 2011 11:14 (UTC +04:00)
Kazakhstan is open to investors, the Deputy Prime Minister Asset Issekeshev, also Minister of Industry and Trade of Kazakhstan, said today in Astana during the Business Women's Forum at the Seventh World Islamic Economic Forum (WIEF).
Minister: Kazakhstan has an open economy

Kazakhstan, Astana, June 7 / Trend, A. Maratov /

Kazakhstan is open to investors, the Deputy Prime Minister Asset Issekeshev, also Minister of Industry and Trade of Kazakhstan, said today in Astana during the Business Women's Forum at the Seventh World Islamic Economic Forum (WIEF).
"Kazakhstan is an open economy and a new opportunity for investors," Issekeshev said during his speech at the Business Women's Forum.

He said that today over 8,000 foreign companies operate in Kazakhstan. All the conditions have been created at the legislative level.

Issekeshev believes that this event could become a platform for establishing work and business in Kazakhstan.

The Seventh WIEF will be preceded by the Businesswomen and Young Leaders Forums, which will officially open together. The WIEF theme is "Globalising Growth: Connect, Compete, Collaborate" in a bid to mobilize the Muslim and non-Muslim nations towards greater economic independence through open channels of communication and strategic cross border partnerships.

More than 150 prominent Kazakh and foreign speakers will attend the forum, while the total number of the participants reaches roughly 2,000 people.

The WIFE, the main annual economic summit of OIC member states, the so-called "Islamic Davos", was first held on Oct.1-3, 2005, in Kuala Lumpur (Malaysia) under the motto "Forging New Alliances for Development and Progress".

The WIEF working body is the Secretariat, which meets twice a year. The Secretariat headquarters is located in Kuala Lumpur (Malaysia).

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