SEZ G4 City was renamed to Alatau and its territory was expanded

By the Decree of the Government of the Republic of Kazakhstan from December 26, 2023 amendments to the decree on creation of special economic zone "G4 City" and the Comprehensive plan of social and economic development of the city of Konaev in Almaty region for 2023 - 2027 years, reports Zakon.kz.

It is planned to create a special economic zone "Alatau" in the period until 2048. It will be created in the village of Zarechny, the economic zone includes the territory of the industrial zone "Arna" with the area of 1300 hectares, where high-tech projects will be realized in machine building, metallurgy, construction industry and food industry.

At the same time, the Regulation on the special economic zone "G4 City" is set out in a new edition.

Thus, SEZ "Alatau" is located in Almaty region, north of Almaty city, along 80-kilometer highway A3 (Almaty - Konaev). SEZ territory is an integral part of the territory of the Republic of Kazakhstan and makes 96 560 hectares. The area of SEZ "G4 City" was only 30 thousand hectares.

SEZ is created in order to:

ensuring a favorable investment climate for attracting domestic and foreign investments within the framework of the project implementation, which will give a new impetus to the development of the region;

accelerated development of modern highly efficient, competitive tourist, medical, educational, cultural and leisure infrastructure capable of providing and meeting the needs of arriving Kazakhstani and foreign citizens, formation of a qualitatively new level of service provision in Almaty region.

A special legal regime is established on the SEZ territory.

The customs procedure of free customs zone operates on the SEZ territory or its part.

Customs regulation

SEZ territory, on which customs procedure of free customs zone is applied, is the zone of customs control. SEZ territory should be equipped for carrying out customs control.

Requirements to SEZ territory arrangement, including requirements on fencing and equipping the perimeter of such territory with video surveillance system, are established by the authorized body in the sphere of customs affairs.

Source link: https://www.zakon.kz/pravo/6420100-sez-G4-City-pereimenovali-v-Alatau-i-rasshirili-ee-territoriyu.html

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