AIFC and the Qatar Financial Centre (QFC) have agreed to strengthen ties in the economic and financial sectors
Astana International Financial Centre (AIFC) and Qatar Financial Centre (QFC) have agreed to strengthen ties in the economic and financial sectors.
The signing of the Agreement took place within the the state visit of the delegation of the Republic of Kazakhstan headed by the Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Tleuberdi M.B. to Qatar. The document was signed by the Chairman of the Management Board of the JSC “AIFC Authority” Y.Rysmagambetov and Yousuf Mohamed Al-Jaida, QFC Chief Executive Officer.
Parties agreed to collaborate on the following:
– Exploring parameters of a mutually acceptable framework to allow relevant financial institutions in the QFC to operate in the AIFC and relevant financial institutions in the AIFC to operate in the QFC.
– Collaboration on financial sector projects such as, but not limited to setting up business operations of relevant financial institutions and financial service providers within both the QFC and AIFC ecosystems.
Kairat Kelimbetov, AIFC Governor: “The AIFC is pleased to continue developing business relationships with the QFC that were established back in 2018. We are ready to expand cooperation with colleagues in the following areas: banking, digital finance, fintech, capital markets, insurance and reinsurance, asset and investment management, etc. We should also dwell on Islamic finance, which is one of the AIFC priorities. Kazakhstan acts as an Islamic finance hub for the entire region and we with great pleasure are ready to partner with the QFC on developing this area”.
Yousuf Mohamed Al-Jaida, QFC Chief Executive Officer: “We are proud to form this partnership with Astana International Financial Centre, a rapidly growing global business and financial hub as well as a leading driver of economic growth for Kazakhstan. Qatar Financial Centre is a key player in Qatar’s economic development and diversification, and over the years, we have proven that forming partnerships is crucial to realising our core objectives”.
As part of the visit of the AIFC delegation to Qatar, meetings were also held between the AIFC Governor K.N. Kelimbetov with the Emir of the State of Qatar, Sheikh Tamim bin Hamad Al-Thani and Deputy Prime Minister – Minister of Foreign Affairs of the State of Qatar, Sheikh Mohammed bin Abdulrahman Al-Thani.
In addition, meetings were organised with the leadership of the Board of the WISE education and human resource development fund (under the “Qatar Foundation”), State Minister of the Government of Qatar, Minister of Finance of Qatar Ali bin Ahmed Al-Kuwari, Chairman of the Central Bank of Qatar Sheikh Bandar bin Mohammed Al-Thani, Chairman of the Board of the Qatar Stock Exchange (QSE) Tamim Hamad Al-Kawari, Chairman of the Board of Directors of the Administration of the Qatar FZ (QFZ) Ahmad bin Mohammed Al-Sayed, Chairman of the Board of the Qatar Investment Authority (QIA) Mansoor Al-Mahmoud, as well as with chairmen of banking groups, etc.
As a result, a number of agreements were reached in the banking, financial, investment and educational fields.
Reference:
The Astana International Financial Centre (AIFC) is an independent jurisdiction that began operations in 2018. In accordance with the 2025 Development Strategy, the key task of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and South Caucasus.
