AIFC registers record number of new participants in 2023

AIFC registers record number of new participants in 2023

Kazakh President Kassym-Jomart Tokayev met with Governor of the Astana International Financial Centre (AIFC) Renat Bekturov to review the outcomes of the centre’s activities. The AIFC has attracted over $11 billion since its inception, including $3.5 billion in 2023 and the first quarter of 2024. A record number of new participants, over 670 companies, joined the AIFC last year. More than 2,600 companies representing 78 countries are registered at present. Tokayev set tasks for the development of the financial hub, particularly attracting green financing to the region and enhancing the potential of the Middle Corridor.

“According to the Global Financial Centres Index ranking, the AIFC is the leading hub for green finance in Central Asia and Eastern Europe. The issuance of green Eurobonds totaling 100 billion tenge by the Development Bank of Kazakhstan for the first time in history marks one of the largest deals. Based on the report, the Head of State has instructed to work on establishing the AIFC as a regional financial hub, enhance its investment attractiveness through international financial centers, promote it on the international stage, and increase its business activity,” Bekturov said.