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  • President Tokayev receives AIFC Chairman
20 May, 2020 14:59

President Tokayev receives AIFC Chairman

President Kassym-Jomart Tokayev has received Chairman of the Astana International Financial Center Kairat Kelimbetov, Strategy2050.kz reports referring to Akorda’s press service.

President Tokayev receives AIFC Chairman | Strategy2050.kz

The Head of State was informed about the main results of the activities of the Astana International Financial Center aimed at developing the financial market, protecting the rights and interests of investors and consumers of financial services, as well as trade and investment cooperation.

Kassym-Jomart Tokayev pointed out the importance of the AIFC effective work in the context of the tasks set to restore and ensure further economic growth after the crisis.

In this regard, the President instructed to actively use the potential of the Center in attracting investment and developing the stock market in the light of the upcoming privatization of state assets. It was also noted the need to ensure access for businesses to use the AIFC court and arbitration to resolve economic disputes.

President Tokayev drew attention to the need for close cooperation with the Ministry of Foreign Affairs and foreign representations of the country to promote the AIFC investment tax residency program.

Following the meeting, Kassym-Jomart Tokayev gave a number of specific instructions for the further AIFC development.


chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan