The Economy of Kazakhstan
Astana and the AIFC
Kazakhstan built a new capital, Astana, and an international financial centre with its own English-law courts to attract investment.
A new capital, a new hub.
Astana
The capital moved from Almaty in 1997, and gleaming buildings rose on the steppe.
AIFC
The Astana International Financial Centre offers tax benefits and English common law.
Fintech
It also allows crypto and digital asset businesses.
Question
Will it attract global finance or remain a regional hub?
A courtroom
Investors can resolve disputes in English-law courts within the AIFC.
Assuming buildings alone build a financial centre
Trust and expertise are needed.
Key takeaways
- Astana became capital in 1997.
- AIFC offers common law.
- It hosts fintech.
- Its success is uncertain.
No recording for this one yet - EconReader can read it aloud for you.