Booming Kazakhstan beckons luxury brands

Strong economic growth draws international companies aiming to cash in on newly rich.

    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.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Revival: The Muslim Response to the Crusades

    Revival: The Muslim Response to the Crusades

    This part of 'The Crusades: An Arab Perspective' explores the birth of the Muslim revival in the face of the Crusades.

    Why Saudi-Israeli normalisation could be dangerous

    Why Saudi-Israeli normalisation could be dangerous

    Apart from being disastrous for Palestine, normalising relations with Israel could get Saudi Arabia in real trouble.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.