Government • 05 July, 2018

United Kingdom welcomes opening of Astana International Financial Centre

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As part of the presentation of the Astana International Financial Centre, Foreign Minister Kairat Abdrakhmanov met with UK Minister for Investment and Member of Parliament Graham Stuart, reports the Ministry of Foreign Affairs.

The UK Minister congratulated Kazakhstan on the opening of the AIFC and the 20th anniversary of Astana, and expressed readiness of London to provide further comprehensive assistance in the development of investment cooperation.

In turn, Mr. Abdrakhmanov thanked the UK for its significant contribution to the development and strengthening of the AIFC and expressed hope for the active participation of UK companies, banks and financial institutions in the activities of the Centre.

Speaking at the official presentation of the AIFC, President Nursultan Nazarbayev emphasized the role of the United Kingdom in the establishment of the new financial centre in Astana, including the principles of English law and the AIFC Court, which is composed of credible UK judges led by former Lord Chief Justice of England and Wales Woolf. 

During the talks, the two sides noted the strategic nature of their bilateral cooperation in all domains, especially, in the area of trade and investment.

They also noted big prospects for deepening cooperation in the field of digitalization, infrastructure projects, mining industry and agriculture. The sides expressed mutual interest in practical implementation of the Belt and Road Initiative in order to develop transport and transit potential of Kazakhstan connecting China and Asia with the European market, including the United Kingdom.

The Ministers also agreed to continue to maintain good dynamics in the development of contacts within existing and prospective mechanisms of bilateral political and economic cooperation. In this regard, they discussed the schedule of forthcoming bilateral intergovernmental meetings and investment forums.

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