Tamchy SFIT Establishes Managing Company and Prepares for Operations

At its inaugural meeting, the Management Council of the Tamchy Special Financial Investment Territory (Tamchy SFIT) appointed its senior leadership. Aiaz Baetov, remaining in his capacity as Minister of Justice, has been elected Chair of the Council, Ali Ijaz Ahmad and Bakyt Sydykov (remaining in his position of the Minister of Economy and Commerce) have been appointed as Deputy Chairs.

In the summer of 2026, the SFIT's first business centre — housing the offices of the Managing Company — will open on the shores of Lake Issyk-Kul, marking the launch of formal engagement with businesses and the onboarding of its first residents.

“The Tamchy SFIT is being established as a favourable jurisdiction for international capital deployed across Central Asia: grounded in English common law principles, served by independent justice, and operated to the standards investors expect of leading financial centres,” said Aiaz Baetov, Chair of the Tamchy SFIT Management Council.

"Issyk-Kul sits at the intersection of the region's largest markets — Central Asia, China, and the Middle East. Yet the nearest international financial centre is thousands of kilometres away. Companies tend to operate out of jurisdictions that offer transparent rules, professional teams, and independent arbitration. That is precisely the infrastructure we are building here from scratch as a critical linchpin to support the region's growing economic integration," said Ali Ijaz Ahmad, Deputy Chair of the Tamchy SFIT Management Council.