Almaty to become financial center of Great Silk Way - Nazarbayev

Date: 06:25, 23-05-2014.

Astana. May 23. KazTAG - Creation of supranational body of the Eurasian Economic Union is planned in Almaty in 2025 which will result in development of the south capital of Kazakhstan as a financial center of the new Silk Way, said Nursultan Nazarbayev, President of Kazakhstan.

"By 2025 we plan to create a supranational body for financial market regulation in Almaty in 2025. Such factors as favorable investment climate, further development of Islamic financing, common borders of many Central Asian states are reliable base for development of Almaty as a financial center of the New Silk Way," he said at the session of VII Astana economic forum.

He reminded the agreement on EEU creation will be signed in Astana on May 29.

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