President Tokayev outlines tasks for AIFC development

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.