Global competition for investment is intensifying. To remain competitive, it is necessary to make decisions promptly and act quickly, as noted by President Kassym-Jomart Tokayev in his state-of-the-nation-address. He said that, to give fresh impetus to economic development, it is essential to attract leading international and domestic companies with advanced technologies, relevant expertise and strong potential to access global markets. These companies are offered corresponding constitutional guarantees and international legal mechanisms.
«Kazakhstan has done very well in this regard. The Astana International Financial Centre, based in the capital, operates under English common law. This is important for investors involved in strategic international projects in Kazakhstan, where the planning horizon is measured in decades rather than five-year periods. For these investors, legal certainty, regulatory accountability and a clear legal framework are essential. As the Head of State noted in his state-of-the-nation-address, these principles remain among the key priorities for the development of the national economy,» noted Nurdaulet Narimanov, a senior expert in the Department of Global Economy and Sustainable Development, Kazakhstan Institute for Strategic Studies under the President of Kazakhstan (KazISS).
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