Astana International Financial Centre plans to register 100 companies by year-end

Finance Materials 8 November 2018 17:51 (UTC +04:00)

Baku, Azerbaijan, Nov. 8

By Rashid Shirinov – Trend:

Astana International Financial Centre (AIFC) plans to register about 100 companies by the year-end, AIFC Governor Kairat Kelimbetov said, according to Kazakh media outlets.

"We have set an ambitious goal for ourselves – about 100 companies should be registered in the AIFC this year; next year we expect about 250 companies; and by the end of 2020 – 500 companies," he said.

Kelimbetov also spoke about plans for the proportion of Kazakh and international companies at the AIFC site.

"This year, the presence of 70 percent of Kazakh companies and 30 percent of international companies is expected," he said.

An equal number of Kazakh and international companies is expected for the next year, and in 2020, the number of foreign companies should dominate.

Kelimbetov also noted that the registered companies mainly represent the financial sector of Kazakhstan.

"They generally represent capital markets, broker communities, Islamic finance, green finance, classical insurance and other areas," Kelimbetov said.

Astana International Financial Centre, established at the initiative of the Kazakh President Nursultan Nazarbayev in July 2018, deals with the development of capital markets and the Islamic finance sector, management of funds of individuals, development of new financial technologies and other issues.

AIFC plays a major role in attracting financial resources. It is positioned as a financial hub for the countries of Central Asia, the Caucasus, Eurasian Economic Union, Middle East, Europe, Western China and Mongolia.


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