Boston, MA -- (SBWIRE) -- 11/09/2012 -- We continue to expect Kazakhstan to enjoy robust economic growth over the coming decade, underpinned by ongoing development of the nation's vast natural resource base. The government's commitment to its ambitious economic development and diversification strategy is set to be a key driver of growth in the coming years and is likely to translate into rising potential for discretionary consumer spending. Food inflation is also not expected to be a primary driver of headline inflation, with price increases further compensated for by real wage increases in H112.

Headline Industry Data (local currency, compound annual growth rate)

- 2012 per capita food consumption CAGR: +9.46%; forecast to 2016: +10.30%
- 2012 alcoholic drink value sales CAGR: +14.30%; forecast to 2016: +13.51%
- 2012 soft drink value sales CAGR: +14.86%; forecast to 2016: +15.96%

Key Industry Trends And Developments

Foreign Investors Interested in Agricultural Projects in Kazakhstan: In July 2012, a delegation from the region of North Kazakhstan held a meeting with the Islamic Development Bank, where discussions centred on the financing by the latter of various projects in the region. Kazinform reported that North Kazakhstan's government was positive on the agro-industrial projects undertaken in the past, with particular attention paid to grain production and beef farming, which could attract future financing from the Islamic Development Bank.

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