Rashid Gaissin, Managing Partner and Zhanara Iskhakova, Partner at GRATA Law firm took part in the 2nd Central Asian Investment Conference (CAIC 2008) entitled «Financing sustainable economic development of Kazakhstan», which was held on 27-28 March 2008 in the Intercontinental Hotel, Almaty, Kazakhstan. The Regional Financial Center of Almaty and NYSE Euronext were the principal conference partners this year. The conference steering committee consisted of the Kazakhstan stock exchange, JSC Almaty Investment Management, JSC Centras Securities and Advantix Ltd. The purpose of the program was to facilitate growth of the Central Asian capital market and meeting the region’s increasing need for new capital.
Over 240 delegates from Kazakhstan, Central Asia, Russia, CIS, Western Europe and the US took part in the conference this year. Over 60 members of the local and international media were provided with accreditation bringing the total number of CAIC2008 participants to 300 people. The two-day conference program included over 40 panel presentations by senior ministers, institutional investors, financiers, rating agencies and corporations who addressed economic, financial and investment developments in Kazakhstan and Central Asian states.
The conference confirmed the positive outlook for the country’s economic recovery and investment climate improvements before the end of the year. Delegates and experts agreed that in addition to higher commodity prices and trade surplus the positive changes will depend on the successful implementation of the PPP infrastructure projects, on utilising alternative forms of business finance and also on the country’s economic diversification. Balanced and proactive state regulation of the investment and entrepreneurial activities in the country should further boost Foreign Direct Investment in Kazakhstan and have a positive impact on the neighbouring Central Asian States.
The conference confirmed the positive outlook for the country’s economic recovery and investment climate improvements before the end of the year. Delegates and experts agreed that in addition to higher commodity prices and trade surplus the positive changes will depend on the successful implementation of the PPP infrastructure projects, on utilising alternative forms of business finance and also on the country’s economic diversification. Balanced and proactive state regulation of the investment and entrepreneurial activities in the country should further boost Foreign Direct Investment in Kazakhstan and have a positive impact on the neighbouring Central Asian States.
