(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 13. More than $11
billion of investments have already been attracted to Kazakhstan
through the jurisdiction of the Astana International Financial
Center (AIFC), Acting CEO, Chief Client Officer of AIFC Temirlan
Mukhanbetzhanov told Trend during the second session of the
Kazakh-Azerbaijani Business Council in Baku.
"Over 40 percent of them were sourced through the AIX stock
exchange in the form of equity, a percentage that consistently
increases annually. The registered member companies have also seen
substantial growth, surpassing 2,500 compared to over 600 at the
end of the previous year. Each company contributes funds toward
business development and job creation, collectively contributing to
the country's economic growth," the CEO said.
He mentioned that Azerbaijani companies are among those that
have opted for the jurisdiction of AIFC.
"About five companies with Azerbaijani capital participation,
spanning various sectors such as trade and mining, are registered
in AIFC," he said.
Discussing the merger of Kazakhstan's two stock exchanges, AIX
and KASE, he highlighted the ongoing development of a unified
approach aimed at harnessing the combined potential of both
exchanges.
"Discussions are ongoing. By the end of March this year, the
first configuration on unification is to be presented," he
added.
To note, the first meeting of the Kazakh-Azerbaijani Business
Council was held in August 2022 in Astana.
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