I - Astana's New Dispute Resolution Institutions: Developing GCC and Kazakhstan's Relations
Type
Journal
Journal
UAE Arbitration Yearbook
Date
1 January 2019
Issue
1 January 2019
Page
116 - 121
Copyright
Al Tamimi & Company
Jurisdiction
United Arab Emirates, Qatar, Kuwait, Bahrain, Saudi Arabia, Dubai International Financial Centre, Abu Dhabi Global Market, Oman, Kazakhstan
Taxonomy
Arbitration, Financial Institutions
Copyright
LexisNexis
Kazakhstan has long been positioned at the heart of the so-called ‘Silk Road' linking Asia, the Middle East and Europe, thanks to its geographical position at the crossroads of Central Asia.
Introduction
However, Kazakhstan is now seeking to capitalise on its location, its history as a trade route, and the wealth which has been generated by its considerable natural resources, by becoming a hub for international commerce in the 21st century.
As part of this development, Nur-Sultan, the newly re-named capital, opened the Astana International Financial Centre (AIFC) on 1 January 2018, with the specific aim of growing its financial and professional services.