Kazakhstan IT Sector Has Potential to Attract Major Companies, Says Industry Leader

ALMATY – Vice President Kevin Wu of Kingston Technology, one of the world’s biggest information technology companies, said his company had paid little attention to Kazakhstan—but that is set to change. “Over the few days of our visit to your country, we evaluated the IT market of the country and realised its potential,” said Wu at a press conference in Almaty during his first visit to Kazakhstan in late October.

Wu held a number of meetings with representatives of the information technology sector of the country and noted that the growing economy of Kazakhstan will engender the rapid growth of this market.

“Kazakhstan has very great potential for this development, higher than a number of European countries, to say nothing of CIS states, where the country is among the leaders. We saw that the state and the people are very interested in using the latest technologies, and that’s why we are interested in your market,” he said.

The experts noted the active formation in the country of unmanned technologies and the growth in IT qualifications of senior managers at Kazakhstan companies. All this will make the demand for database storage technologies soar. Kingston Technology accounts for 48 percent of the world market of these technologies.

“The company has already started to work in Ukraine and its share in the sphere of server memory is 99 percent, in game memory 55 percent and in disk drives 57 percent,” said Dmitry Romanenko of the company’s Ukrainian office at the press conference.

Two years ago, the company tested the Kazakhstan market. According to Romanenko, the fact that GDP per capita in the country exceeds $12,000 and the cost of these products per capita amounts to only $62 testifies to the potential demand for IT products in Kazakhstan. GDP per capita in Kazakhstan is significantly higher than its neighbours, including Ukraine, where GDP per capita is $7,598.

Get The Astana Times stories sent directly to you! Sign up via the website or subscribe to our Twitter, Facebook, Instagram, Telegram, YouTube and Tiktok!