Astana International Financial Centre, being the only platform in the region governed by common law and international practices, certainly opens new doors for investors and companies.
New regulatory regime with Fintech Sandbox gives AIFC an advantage to implement innovative financial instruments. Growing demand for Islamic finance in the region, special regulation, and best Islamic finance expertise will provide basis for the development of the industry in Kazakhstan, Central Asia, Caucasus, and parts of Russia.
Nur-Sultan is also establishing itself as an important international hub for the Belt and Road Initiative. Kazakhstan has been announced as one of three key partners for program and has already supported regional infrastructure development through “Nurly Zhol” (Bright Path) presidential program. Today, Astana International Exchange, partnering with Shanghai Stock Exchange, Nasdaq, Silk Road Fund, and Goldman Sachs, is an important Belt & Road institution offering multi-currency exchange platform & highest corporate governance standards. Thus, Infrastructure Finance, including both physical and digital infrastructure, is a new industry with high growth potential.
Concentrating financial market and connecting Nur-Sultan to the global financial network opens the untapped market for foreign investment. Energy, manufacturing, and agricultural industries in Kazakhstan & Central Asia promise not only high returns, but also large positive social externalities: new jobs, development of regional cities. It is also important to keep in mind the role of responsible finance: new investment have to add to the sustainable development.