Kazakhstan needs foreign technology, rather than foreign investments: President Nazarbayev

Kazakhstan needs foreign technology, rather than foreign investments, Newskaz.ru reports, citing President Nazarbayev as saying in his recent interview for the Russia 24 Channel. “We don’t need foreign investments so desperately today. We are injecting our own money. Kazakhstan relies on sufficient resources of its own”, President said. “Since gaining independence [back in 1991] the nation has attracted $160 billion in foreign investments; the local investments are much greater”, Mr. Nazarbayev elaborated. “No nation wants to breed competitors; no one is willing to share the technology”, President admitted. According to him, “post-Soviet nations are 30-40 years behind the West in terms of technology (…) One way out is integration of scientific efforts of the post-Soviet nations”. Kazakhstan’s President believes that “the current crisis is a step towards a new technology boom bound to lay foundations for a new economy (…) We must be there. It must be the green economy”.