3-5th July 2018 — Astana, Kazakhstan

3-5th July 2018

05/06/2018, 18:20

20 years of success: Future of Astana together with the AIFC

On June 5, an international conference “Astana is a city of peace”, dedicated to the 20th anniversary of the capital of Kazakhstan was held in the "Nazarbayev Center". Experts discussed the success of the city's development and its prospects as an economic and cultural center of Eurasia.

During these years, Astana has developed at an active pace attracting people, business and investment. According to the city mayor Aset Isekeshev, it is important that the capital develops as a global city and becomes one of the key centers in the field of innovation, health, architecture, education, trade, not only for Kazakhstan but also for the Eurasian space.

"For us, one of the key projects currently being implemented is the Astana International Financial Centre, which operates on the principles of English law, with a special tax regime and an independent court. The financial centre is intended to become the core of the financial infrastructure of Kazakhstan, a promising financial hub for the Central Asian region as a whole" - Asset Isekeshev added.

Within the framework of the "Astana as a hub for innovation, finance, trade and transport" session, Kairat Kelimbetov, the Governor of the AIFC, speaking about the prospects of Astana in the next 20 years, expressed confidence that the city will be "smart" and "green". AIFC will play a key role in the development of the city - its activity will primarily attract investments in the innovation sphere and in the environmentally friendly sectors.

“We are planning to open a green fund, which will be served on the AIFC territory and will act according to its rules. This is the world practice of ensuring the safety of business, attracting large investors. I think that here, together with the AIFC, we can work out the issue of attracting large investments in projects in Kazakhstan concerning the “green” directions, “green” technologies, their implementation and approbation in Kazakhstan. We also plan to expand our activities to the entire Central Asian region”- Rapil Zhoshybayev, the Head of the Non-profit JSC “International Center for Green Technologies and Investment Projects” said.

Confidence in Astana's chances to become the center of "clean" technologies was expressed by Mr. Eliot Engel, the member of the US House of Representatives. In his address to the conference participants, he noted that Kazakhstan demonstrated its promise not only as an important economic partner for the US in the energy sector but also as an active supporter of "clean energy." The Congressman noted Kazakhstan's accession to the Paris Agreement and other international efforts to fight climate change.

Issues of green investments will be discussed at the ASTANA FINANCE DAYS conference in the framework of the Green Growth Forum, which will be held on July 3-4.

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