Nazarbayev outlines global ambitions for Astana International Financial Centre

Downtown Astana

Downtown Astana

The Astana International Financial Centre (AIFC) will become one of the world’s top 20 financial centres, if Kazakhstan’s President Nursultan Nazarbayev has his way. In a strategy manifesto published today, Nazarbayev outlines plans to model AIFC on a combination of the UK’s regulatory system and Dubai’s investment environment with a view to turning it into a financial hub for the CIS and both Western and Central Asia. The newly re-elected President envisages developing a centre that specialises in capital markets, Islamic finance, private banking and asset management aided and abetted by a liberal tax regime. 

Source: NewsKaz