Saks Fifth Avenue in New York |
The store is going to be located within Esentai Shopping Mall and will become part of a bigger on-going project that also includes a 5-star hotel, luxury residential towers, etc.
The American chain is working in partnership with a local group named Viled Group, which already operates around 15 other boutiques in Almaty and sells brands such as Cartier, Van Cleef & Arpels, Tiffany, etc. Kazakhstan only has around 15 million inhabitatnts, but it has a huge economic power thanks to its petroleum reserve. In 2006, the country’s gross domestic product came to 80.6 billiom dollars, and the government expects it to reach 300 billion by 2015!
