Kazakhstan working hard for foreign direct investment - report

AKIPRESS.COM - As an anchor nation in the region, Kazakhstan is working hard to secure foreign direct investment through the launch of the Astana International Financial Center (AIFC), and the use of this innovative business hub to coordinate the effort to bring in foreign capital to raise revenue and improve the living standards of the Kazakh people, The Washington Times reports.
This year and next, Air Astana, the oil and gas giant Kazmunaigaz and the national railroad all will see at least some of their shares float in this emerging capital market, with more companies from Kazakhstan and the region considering IPOs.
AIFC also boasts the first English law-based court and arbitration center in Eurasia. AIFC will deploy English common law for dispute resolution and has actually hired top-flight English judicial professionals to preside over the process, including Lord Harry Woolf, the former chief justice of England and Wales.