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Investment opportunities of Kazakhstan and AIFC are presented in UK

Investment opportunities of the Republic of Kazakhstan and Astana International Financial Centre (AIFC) were presented today to the Government and Private Business officials of Great Britain during the Kazakh-British Investments Forum in London City. The event is organized by London City Corporation, AIFC and “National Company “KazakhInvest” JSC and supported by Kazakhstan’s Embassy in UK.

Welcome speeches were delivered by of London City Lord Mayor Mr. Andrew Parmly, Trade Envoy of the UK Prime Minister to Kazakhstan Baroness Emma Nicholson, Kazakh ambassador to UK Yerlan Idrissov, Her Majesty’s Ambassador Caroline Brown, Governor of AIFC Kayrat Kelimbetov and Deputy Chairman of the Board of “National Company “Kazakh Invest” JSC Birzhan Kaneshev.

In his speech at the Forum Kazakhstan Ambassador to the UK Erlan Idrissov mentioned that within 25 years of collaboration the status of Kazakhstan and the Great Britain relationships has reached the strategic partnership level.

«Being one of the major investors to the economy of Kazakhstan, Britain is also the important trade and economic partner of our country. Based on solid trusted relationships our countries actively interact in realization of such priority projects as creation and development of Astana International Financial Centre, programme of privatization of KZ national companies, interactions within Chinese One Belt – One Road initiative, etc. Attraction of the British experience in high technologies and banking sector remains one of the most significant priorities of the external economic policy of Kazakhstan», - Mr. Idrissov said.

According to Dr Carolyn Brown, UK Ambassador to Kazakhstan: “International credibility is key to the success of the Astana International Financial Centre. We want to encourage this new International Financial Centre to operate on the basis of the highest international standards and indeed best practice in order to achieve that international credibility. That is why, over the last two years, the British Government has provided almost £170,000 in funding for TheCityUK in order to showcase the breadth of expertise in the City of London which could help the Government of Kazakhstan achieve its aim on AIFC development”.

Mr. Kelimbetov, a Governor of AIFC, has mentioned during his speech that a platform being built is designed with numerous privileges for the investors and those advantages should be supportive in creating comfortable conditions of investments inflow to Kazakhstan. “AIFC is well-placed to become Eurasian gate providing trade and financial flows between East and West countries”, - stated Mr. Kelimbetov.

Deputy Chairman of the Board of “National Company “Kazakh Invest” JC Birzhan Kaneshev delivered new approaches of the company, such as proactive measures and targeting industries and regions, to the operations with potential investors. “The total direct investments volume from UK to Kazakh economy makes $12B. According to the National Investments Strategy of the Republic of Kazakhstan, accepted earlier this year, and in the context of investments attraction, The Great Britain is one of the high-priority countries, and this makes collaboration between our countries even stronger», - also mentioned Mr. Kaneshev.

“London-Astana Bridge: Strengthening of Relations Between Financial Centres” session was accompanied by speeches of UK former Lord Chancellor Harry Kenneth Woolf and AIFC representatives, who described in details Financial Centre authorities, as Court, Arbitrary Centre, Stock Exchange and AIFC regulatory.

          It is worth to say that London City financial centre possesses deep experience and knowledge in many spheres, including Islamic financing, fin technologies, green finance and right of common.

Delegation has achieved signing of Collaboration Memorandum with British Trade Chamber in Kazakhstan and European Bank of Reconstruction and Development. Moreover, a number of meetings were held by Kazakh Invest with companies running businesses in Kazakhstan, as well as those who are looking for such opportunities, in particular, Aggreko, Metalysis, Sentinel, William Hare, ConnectIreland, International Development Ireland and etc.

Reference information: 

AIFC. President of the Republic of Kazakhstan Nursultan Nazarbayev has signed a Constitutional Law On Creation of Astana International Financial Centre in December, 2015. The purpose of AIFC is forming of the Global scale leading financial services centre. British Law principles will be implemented in the former Soviet Union territories for the first time and official language of the centre will be English. 

AIFC operations are including cooperation in attracting investments into Kazakh economy by means of creation of comfortable environment for investing to financial services industry, Kazakhstan’s stock exchange market development and its integration with international capital markets. AIFC also is intended to develop security, banking and Islamic financing institutions.

“Kazakh Invest” National Company” JC is a national agency on attraction of investments to the Republic of Kazakhstan. KAZAKH INVEST provides full range of services in following the investment projects from the idea till the implementation by the one stop principle and acts as a single coordinator upon special economic zones of the Republic of Kazakhstan. KAZAKH INVEST plays a role of unified negotiator who represents interests of the Government of the Republic of Kazakhstan when discussing prospects of investments programs. The company has representative offices abroad. It is a national operator of non-resource export promotion system. KAZAKH INVEST is a structural part of the Ministry of Investments and Development of the Republic of Kazakhstan and it is financed by republican budget, providing its services free of charge.