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Nazarbayev Targets Economy Boost With First Kazakh Nuclear Plant

President Nursultan Nazarbayev ordered the Kazakh government to draft plans for a state-asset sale program and decide on building the country’s first nuclear plant to clinch economic growth of at least 4 percent a year.

Nazarbayev, who has ruled the country of 17 million people since 1989, said in an address to the nation today that Kazakhstan should aspire to join the ranks of the world’s 30 most developed economies by 2050. The central Asian nation must boost gross domestic product per capita to $60,000 in 2050 from $14,500 this year, Nazarbayev said in the capital, Astana.