Speaking at a meeting of the country's Foreign Investors' Council, Nursultan Nazarbayev said: "In 15 years of independence, we have proved that Kazakhstan is a state with a dynamically developing economy. Kazakhstan's gross domestic product is growing by around 10% each year, and according to expert estimates, this trend will persist in the future."
The Kazakh president said the ex-Soviet nation had set a goal of achieving a GDP figure of $300 billion by 2015.
According to Nazarbayev, Kazakhstan's GDP climbed 10.6% in 2006 to $80.5 billion and exceeded $5,000 per capita.
At the same time, the Kazakh president said he was dissatisfied with the level of revenue earned by domestic companies from the transit of goods.
According to Nazarbayev, revenue of Kazakhstan's transport companies has remained at an annual level of $500 million per year, or just 1% of the market for transit carriages between Europe and Asia.
"This is evidence that the existing infrastructure is failing to meet the requirements of the growing economy, even despite the fact that budget spending on infrastructure development is rising considerably every year," Nazarbayev said.
The president said that Kazakhstan as a transit country was interested in building trans-continental transport and communication corridors and large transport and logistic centers to turn the republic into a major link between the West and the East.
