DIFC welcomes Kazakhstan’s Prime Minister

Massimov and a high-profile business delegation came to the centre in a bid to boost bilateral trade

May 16, 2015

Dubai: Eisa Kazim, Governor of Dubai International Financial Centre, welcomed Prime Minister of Kazakhstan Karim Massimov and a high-profile business delegation to the centre in a bid to boost bilateral trade between the UAE and the Republic of Kazakhstan.

The Prime Minister of Kazakhstan’s visit came as part of the country’s efforts to gain best practices in establishing a robust financial hub from leading commercial and financial centres worldwide. The visit gains significance with Kazakhstan aiming to set up a central financial hub in the capital city of Astana. The ministerial delegation to DIFC also sought to build on the memorandum of understanding (MoU) signed between DIFC and the National Bank of Kazakhstan earlier last week.

Welcoming the delegation, Kazim said: “I commend the Kazakhstan Government on its successful dialogue and negotiations with nations of the world towards shaping a global financial hub in Kazakhstan. I believe UAE-Kazakh bilateral trade and investment ties have significant unrealised potential given the synergies that already exist between the two countries. We would like to reiterate that DIFC remains committed to further deepening and diversifying our bilateral engagement in the years to come.”

Kazim added: “DIFC is a jurisdiction with internationally recognised regulations that offers a favourable system of taxation and enabling business environment to facilitate ease of establishing businesses. Based on these key factors and our strength in serving as the strategic gateway to emerging markets, we believe DIFC can and will become the preferred financial destination of choice for the UAE and wider region.”