By  on August 9, 2012

Everyone seems to be headed to Kazakhstan.

The oil-rich country bordering the Caspian Sea and Russia is attracting a slew of designers and retailers eager to tap into its newly wealthy consumers. Saks Fifth Avenue will open a store there this fall, while brands such as Hermès, Louis Vuitton, Eskandar, Ralph Rucci, De Beers, Tiffany and Harry Winston are sold there or have their own stores. Even Children’s Place and Steve Madden have opened stores in the country, the world’s ninth largest in terms of area.

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