Astana Hub drives Kazakh digitisation
Sep 18, 2018 10:06 am
Astana Hub, an international technopark of start-ups that provides multilevel support to entrepreneurs
Initiated by Kazakh President Nursultan Nazarbayev, the hub seeks to develop an ecosystem of innovations.
Though the official launch is scheduled for November, the work is in full swing. Private investments serve an “objective indicator of the ecosystem working right” and the hub has set an ambitious goal to attract $67 billion in investments in the next five years.
IT companies will be able to enjoy a special regime including tax preferences and simplified visa and labour procedures. Among other conditions, the hub provides workspace in the expo area and Madiyev feels its location within the cluster including the Nazarbayev University medicine and residential infrastructure, as well as the Astana International Financial Centre incorporating English common law principles, can serve as a pulling factor for potential investors.
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