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  • Kazakhstan’s Government, AIFC and WEF signed Letter of Intent

Kazakhstan’s Government, AIFC and WEF signed Letter of Intent

23 January, 2020 13:07

The Government of Kazakhstan, the Astana International Financial Centre and the World Economic Forum within the framework of the WEF 50th Annual Meeting signed a trilateral letter of intent to launch an Affiliate Centre for the Fourth Industrial Revolution based in the AIFC, Strategy2050.kz informs referring to the AIFC’s press service.

The Affiliate Centre intends to join and collaborate on its platform governmental structures, business and industrial partners from Central Asia for the development of the regulatory partnership for innovative technologies. For the first stage it aims to develop projects in the fields including Artificial Intelligence and Machine Learning; the Internet of Things, Robotics and Smart Cities; and Data Policy.

The letter of intent was signed by Prime Minister of Kazakhstan Mr. Askar Mamin, Governor of the AIFC Dr. Kairat Kelimbetov and President of the WEF Mr. Børge Brende.

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"We see rapid technological changes of products and processes and opening an Affiliate Center in Kazakhstan will enable our innovation ecosystem to influence international policies, principles and regulation in the management of new technologies and will help shape the fourth industrial revolution”, AIFC Governor Dr. Kairat Kelimbetov noted.

The ambition of launching an Affiliate Centre would also strengthen the role of Kazakhstan as one of the world leaders committed to innovations and the introduction of new technologies that are important for society. Launched in 2017, the global Centre for the Fourth Industrial Revolution Network has Centres in Japan, China, India, United Arab Emirates, Colombia, Israel, South Africa, Norway, Saudi Arabia, and the United States.

“The speed and scale of change in the Fourth Industrial Revolution means we have to act fast. If businesses, government and larger civil society can come together, Kazakhstan can become an innovation hub in the region”, Murat Sonmez, Managing Director and Head of the Centre for the Fourth Industrial Revolution Network, said.