BAKU, Azerbaijan, August 26. The investment
portfolio of Kazakhstan's Alatau City has expanded to 67 projects
with a total investment volume of about $6.9 billion and the
potential to create around 55,000 jobs, the Kazakh Prime Minister’s
press service said.
The figures were presented at a meeting of the Alatau City
Council chaired by Prime Minister Olzhas Bektenov, where the
government reviewed the implementation of key projects in the new
city, infrastructure development, the special legal regime and
efforts to attract investment.
Bektenov noted that President Kassym-Jomart Tokayev has
identified the Alatau City project as being of strategic importance
and potentially capable of taking the country's development to a
new level.
Chief Executive Officer of Alatau City Authority Alisher
Abdykadyrov reported on the progress of the projects.
According to him, currently, the investment portfolio of Alatau
City has been expanded to 67 projects with a total investment
volume of about $6.9 billion and the potential to create around
55,000 jobs. Several major projects have already entered the active
implementation stage.
These include PepsiCo and Sunny Paper, while work has also begun
on production and logistics projects by Mars Petcare KZ, Griffin
Logopark, DanaFlex and G-Trans Service.
Preparations are underway for the construction of Iconic
Complex, one of the city's flagship projects. The KIND K-Smart Town
project is also moving forward.
A concept for the integrated development of a 330-hectare area
has been prepared, with a total planned floor area of 5.3 million
square meters. The master plan and feasibility study are expected
to be completed by the end of 2026.
The city is also working to attract a new group of major
investors. Potential projects include Full Vision Capital projects
in sustainable aviation fuel and green energy, a branch of the
KAIST research institute, CIMC projects in logistics, data centers
and digital infrastructure, and a high-tech agricultural complex by
Sinomach.
Separate agreements have also been reached on a Kazakh-Korean
joint investment fund, a production and logistics complex by
Hyundai Green Food, the involvement of Lotte Hotels & Resorts in
the Iconic Tower project, energy projects with Doosan Enerbility,
urban air mobility with Korea Airports Corporation, as well as
smart mobility and hydrogen technologies with Hyundai Motor
Company.
Another major area is the development of Alatau Crypto City.
Together with the National Bank of Kazakhstan, the authorities have
prepared the Tokenization by Default concept. A total of 43
international and Kazakh companies have confirmed their interest in
participating in tokenization projects.
Projects with a combined volume of up to $10 million are planned
to be launched by the end of 2026. Infrastructure development
remains another priority for Alatau City. A total of 26
infrastructure projects are planned.
Construction and installation work has begun on the
reconstruction of the Kokpa-1 substation. Some water supply and
wastewater projects are nearing completion, while contractors have
been selected for the remaining projects. The city's road
infrastructure plans include the medium repair of 61.2 km of roads
and the construction of 15 km of new roads.
Engineering networks, transport, social and digital
infrastructure are expected to be developed ahead of demand.
Financing will combine budget funds, public-private partnership
mechanisms, and private and quasi-public investment.
A package of documents regulating business development, digital
assets and other areas is expected to be adopted by the end of the
year. The authorities are also preparing a strategic master plan
for the city's development through 2040 and a detailed plan through
2055, with international companies ARUP Group and BCG involved in
the process.
Following the meeting, Bektenov instructed relevant authorities
to ensure the further practical implementation of the projects and
compliance with established deadlines for the key areas of Alatau
City's development.
