Abu dhabi: Kazakhstan recently made significant strides in strengthening its economic ties with the UAE during the "AIFC Connect: Abu Dhabi 2025" business event. This event, held in collaboration with the Astana International Financial Centre (AIFC) and the embassies of both nations, aimed to enhance investment cooperation and introduce Kazakhstan's promising projects to potential investors.
According to Emirates News Agency, the UAE ranks among the top ten foreign investors in Kazakhstan, with investments exceeding US$4.3 billion. The business event coincided with Abu Dhabi Finance Week, drawing around 150 representatives from investment banks, financial, technology, and consulting firms. Key discussions revolved around investment opportunities and infrastructure projects in Kazakhstan, as well as the potential for integrating capital markets between Central Asia and the Gulf region.
The attendance of high-profile ambassadors and industry leaders underscored the event's significance. Dr. Mohammed Saeed Al Ariqi, the UAE's Ambassador Extraordinary and Plenipotentiary to Kazakhstan, and Rauan Zhumabek, Kazakhstan's Ambassador to the UAE, both highlighted the growing economic partnership. Zhumabek noted the impressive growth of UAE investments in Kazakhstan, emphasizing a fourfold increase compared to the previous year.
AIFC Governor Renat Bekturov elaborated on Kazakhstan's strategic partnership with the UAE, highlighting sectors such as energy, logistics, finance, and technology. He pointed out that 49 UAE companies are already operating in Kazakhstan, fostering projects in finance, information and communication technologies, and industry.
The event's discussions also touched on the development of fintech innovations and digital assets, with experts like Steven McWhirter from Binance and Liya Akzhanova from AFSA contributing insights. The AIFC has become a global leader in implementing IOSCO international standards for digital asset regulation, showcasing its commitment to innovation and investor protection.
In addition, the dialogue explored cross-border capital market collaboration, opportunities for international capital flows, and the role of private sector investment in Kazakhstan's infrastructure and climate agenda. The launch of a direct connection between Nasdaq Dubai and the Astana International Exchange (AIX) marked a significant milestone in this regard.
The AIFC's impact is evident, having attracted $19.3 billion in investment to Kazakhstan's economy since 2018. With over 4,800 companies from 90 countries registered, the AIFC continues to offer a robust platform for expanding investor presence in the Central Asian region.