Kazakhstan plans to host World EXPO under the theme “Energy of the Future” in 2017 as part of its ambitious Innovation Strategy, designed to develop skill-intensive sectors and to promote innovative businesses, especially in the alternative energy sector. In preparation for the event, the Kazakh government plans to spend between US$ 3 and 5 billion on alternative energy development and infrastructure, respectively. Opinions in the country are deeply divided. Some believe that this is an excellent opportunity to promote targeted industries and small and medium enterprises (SMEs) in the alternative energy sector. Others are very skeptical, considering it likely to become another white elephant with little impact on Kazakhstan’s national economy.