At the meeting of the
AIFC Management Council, Kazakh President Kassym-Jomart Tokayev outlined a
number of tasks, including attracting investments, developing stock and carbon
markets. The Head of State noted that the global capital market is undergoing
rapid changes, with new international trade and economic relations being formed.
Integration processes between countries are also expanding, and financial flows
are being redistributed. President Tokayev emphasized that the current
challenges and changes open up new opportunities for Kazakhstan, and the role
of the AIFC in this process is important.
«Since its inception,
the AIFC has achieved remarkable results establishing itself as a unique hub
for investments, innovation, and financial services. Our center offers
excellent conditions for attracting investments with favorable tax, visa, and
labor policies, tailored support for every investor, and a fair and impartial
judicial system. We have also made IPO participation accessible to all citizens
of Kazakhstan through cutting-edge digital solutions,» said President Tokayev.
President Tokayev also
emphasized that the AIFC faces the task of enhancing its status as a successful
regional financial hub. In particular, efforts need to be focused on attracting
foreign investments.
«The center has
already forged strong cooperation with the partners from the USA, Europe, the
United Kingdom, and several countries across Asia and the Middle East. We are
also actively promoting investment projects involving leading companies from
United Arab Emirates and the Kingdom of Saudi Arabia. All of these efforts
significantly expand the investment potential of the AIFC and Kazakhstan's
economy. However, it is important to strengthen the center's interaction with
the government and national institutions, as well as to continue improving the
regulatory framework,» added President Tokayev.
Moreover, the Head of State highlighted the need
to establish a state insurance fund to address the consequences of natural
disasters. Such financial mechanisms will help respond effectively to
emergencies. The Government, together with the Agency for Regulation and
Development of the Financial Market (ARDFM) and the AIFC, are set to work on
creating this fund.