Photo: iStock
Eurasia
16/02/2024 08:25
Opportunities come along with certain challenges, which require delicate balancing from Kazakhstan and the region of Central Asia.
“This is also a decade of complexity. Complexity for Kazakhstan to the north, complexity for Kazakhstan to the east, and then, obviously, a very changing political landscape in the West. The balancing act is going to be to stay open for investment and also to manage the complexity of an ever-changing world. So far, Kazakhstan is doing a fantastic job, as are other Central Asian countries, in balancing opportunity and complexity,” he said.
Speaking of what makes Kazakhstan an attractive investment destination, Beer highlighted stability and trust.
“If you have a problem in Kazakhstan, you have an English language common law system. You have arbitration that you can use, you have a Kazakh language court system that you can use. If you think about an investment decision, we know the opportunities there,” said Beer.
Among promising areas for investment, Beer specifically underscored the financial services sector. He highlighted the importance of the AIFC as a cornerstone for attracting foreign investors, praising its robust court and judicial system featuring judges from around the world. He emphasized the transparency and simplicity of the rules, which are accessible online, and commended the team overseeing the center.
The notion of Central Asia being the "Dutch patient" is a term used to describe a region that has experienced economic challenges yet has shown signs of positive growth. Geographically, Central Asia is a region bordered by the Caspian Sea to the west, China to the east, Afghanistan to the south, and Russia to the north. Comprising five former Soviet republics—Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan—the region's abundant natural resources and strategic geographic location, as well as its natural beauty and cultural heritage, rapidly transformed it into a major economic bloc by the first quarter of the 21st century.With a population of 82 million, Central Asia has become a dynamic market, attracting growing interest from Europe to Africa.
Lebanon’s newly elected President Joseph Aoun has summoned Nawaf Salam, the head of the International Court of Justice, to designate him as the country’s prime minister after he won the backing of more than half of parliamentarians. The decision spark outrage in the ranks of Hezbollah, as the paramilitary organisation wanted PM Najib Mikati to keep the job.
Turkmenistan is a Turkic state in Central Asia. It borders Uzbekistan to the north, Iran to the south and Afghanistan to the southeast. Turkmenistan declared its independence from the Soviet Union in 1991. Turkmenistan proclaimed its permanent neutrality, recognized by the United Nations on December 12, 1995.