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AIFC presented its activities to business community of Malaysia

The delegation of the International Financial Center "Astana" (AIFA), led by Governor of the AIFC Kairat Kelimbetov, presented the presentation of the AIFC for representatives of state bodies and business circles of Malaysia, the Strategy 2050 NA reported. 

During the visit, the AIFC Governor also participated in the XIII World Islamic Economic Forum. Within its framework, K. Kelimbetov met with Prime Minister of Malaysia – Dato' Sri Mohd Najib bin Tun Abdul Razak, Governor of Sarawak – Tun Abdul Taib Mahmud, Chairman of WIEF Foundation – Tun Dato' Musa bin Hitam, and Executive Director of the National Investment Fund of Malaysia Khazanah Nasional Berhad – Dato Mohd Izani bin Ghani. 

The AIFC Governor informed the organizers and participants of the Forum about the main activities of the AIFC, the development of the financial technologies industry, Islamic and green finance in Kazakhstan. During the negotiations, an agreement on cooperation in abovementioned fields was reached with the WIEF Secretariat.K. Kelimbetov noted that the AIFC should become a financial hub for the countries of Central Asia, the Caucasus, the Eurasian Economic Union, the Middle East, Western China, Mongolia and Europe. 

"Astana International financial centre has a number of unprecedented privileges for participants, including exemption from taxes until 2065, free movement of capital, state-of-the-art infrastructure and a special visa regime for foreigners. It is also planned to create the "Expat Centre", which will provide favourable conditions for the entry and localization of foreign employees of the AIFC and their family members", K. Kelimbetov said. 

An extensive programme, compiled and organized with the assistance of the Embassy of the Republic of Kazakhstan to Malaysia, made it possible for the Delegation of the AIFC to present the newly-created financial centre to the government and business circles. In particular, K.Kelimbetov met with top management of Green Tech Malaysia, Future Innovation Council, Malaysian Centre for Innovation and Creativity - MAGIC, former Secretary General of the Ministry of Energy, Green Technology and Water of Malaysia and member of the Kazakhstani-Malaysian Business Council Datuk Loo Took Gee.

The parties discussed current development trends and the possibility of expanding cooperation in green and financial technologies. 

During the meeting with the management of the Malaysian pension fund KWAP, the AIFC Governor informed the Malaysian partners about the potential for cooperation within the framework of the integrated privatization plan in Kazakhstan for 2016-2020 and the use of the opportunities of the AIFC.