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Booming Kazakhstan beckons luxury brands

Strong economic growth draws international companies aiming to cash in on newly rich.
Last Modified: 28 Dec 2012 23:05

Much of the world's news these days is about economic doom and gloom, but thanks to oil exports Kazakhstan seems to be enjoying a phase of economic growth.

Market analysts say oil profits are trickling down to an emerging middle class, and an increasing number of Kazakhs can now spend their money on luxury shopping.

The boom has also drawn companies that aim to capitalize on Kazakhstan's newly rich.

Al Jazeera’s Robin Forestier-Walker reports from Almaty, Kazakhstan.

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Source:
Al Jazeera
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