McDonald's announces belated foray into Kazakhstan market next month

February 25, 2016 12:41 PM

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McDonald's announces belated foray into Kazakhstan market next month

MOSCOW McDonald's (MCD.N) will open its first restaurant in Kazakhstan in March and another 15 soon afterward in a belated foray into Central Asia's largest economy, a company executive and its Kazakh licensee said on Thursday.

After more than a decade of deliberations, the U.S. fast-food giant will launch an outlet in the Kazakh capital Astana on March 8 after investing $3.5 million in the franchise project, according to Khamzat Khasbulatov, president of McDonald's Russia unit, which will support the expansion into Kazakh...

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