Kazakhstan - a new magnet for tech businesses

Kazakhstan - a new magnet for tech businesses

Astana could become the next Dubai or Singapore, emerging as one of the world’s hubs for technology and innovation. This potential was highlighted by entrepreneur and venture capitalist Balaji Srinivasan at the international Network State Conference. The forum brought together prominent figures from the global IT industry, founders of major technology companies and leading businesspeople. According to the entrepreneur, Kazakhstan has everything it needs to achieve this goal: vast expanses of land, energy resources, and opportunities for large-scale construction. This could attract foreign capital, technology companies and skilled professionals. The investor identified artificial intelligence, digital assets and startups as promising areas. This could involve not only the development of individual technology companies but also the creation of entire cities for innovative businesses.

«You might build a startup incubator in San Francisco, but you can have a startup city incubator in Kazakhstan. And so basically, you know, there's a bunch of governments that we're going to work with, a bunch of others that are in the queue. But essentially, we're going to turn Astana into a global tech hub because you can get talent from around the world in there. You can issue crypto assets,» Srinivasan said.