AIFC and Ministry of Foreign Affairs of the Republic of Kazakhstan signed an order on the creation of Task Force, subdivision based on National Company KAZAKH INVEST JSC

At the site of the Astana International Financial Centre (AIFC), an order was signed to create a Task Force unit on the basis of National Company KAZAKN INVEST JSC and its interaction with the AIFC bodies and their organizations. The department’s task is to reform the investment management system and identify new approaches to attracting investment.

The Deputy Prime Minister – Minister of Foreign Affairs of the Republic of Kazakhstan Mukhtar Tleuberdi and the Chairman of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, Governor of the AIFC Kairat Kelimbetov signed the joint order.

A new division was created to work on investment projects of the Republic of Kazakhstan. The Task Force will provide end-to-end support for projects from the development process, structuring to the investment project’s start.

The Task Force includes employees of KAZAKH INVEST and the AIFC, as well as representatives of central government bodies, local executive bodies and the quasi-public sector, and representatives of the embassies of Kazakhstan abroad.

Currently, the Task Force is already working on several projects in the field of agro-industrial complex and chemistry for a total amount of more than two billion US dollars.

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The Astana International Financial Centre was created by the initiative of the First President of the Republic of Kazakhstan, Leader of the Nation, Nur-Sultan Nazarbayev as part of the “100 steps to implement five institutional reforms” national program. The Management council of the AIFC during the council’s meeting on July 2, 2020 approved the Centre’s development strategy until 2025. In accordance with the strategy, the vision of AIFC is in becoming the leading financial centre in the region that includes Central Asia, the Caucasus, EAEU countries, western China, Mongolia, and Eastern Europe.

The mission of the AIFC is in assisting the sustainable and long term development of the region. As the head of state Tokayev noted, “AIFC, with its unique opportunities, can act as a universal platform that connects the countries in the region.” The strategic directions for the sustainable development of the AIFC include the development of a circular economy, financial technologies, and “digital financial centre.” aifc.kz