New era opportunities

In his Address this year, President Kassym-Jomart Tokayev announced an initiative that will mark a new stage in the history of our country's development. This is the Alatau City project. The Head of State noted that the new city will become the country's business and innovation center.

The President gave a specific task: within ten days, a draft Decree on granting the city a special status will be prepared, and within six months, a separate law "On Alatau City" will be adopted. The document will provide for the city's management regime, financial model, guarantees for investors, and socio-economic mechanisms for residents.

This initiative is based on international experience. Cities with special status in the world have become the main centers for attracting investment and technology. Shenzhen, Singapore, Dubai are vivid examples of this. On September 2, an agreement was signed between Kazakhstan and China in Beijing. This document was signed by the National Investment Corporation, Caspian Group JSC and the Chinese construction giant company CSCEC International Construction Corporation Ltd.

Alatau City will be built at the expense of private investments. We have created a pool of foreign investors. The USA, South Korea, Singapore, and the Middle East are also interested in this project. A road show will be held in Seoul in October. Such giant corporations as Hyundai, Samsung, and Lotte will participate in it. The digital city is the image of the future.

The new city, which will be built in the Almaty agglomeration, will be the first fully digital city in Central Asia. It will introduce Smart City technologies, will enable payments via cryptocurrency, and will use management systems based on artificial intelligence. These steps will lay a solid foundation for the development of the new city as a digital ecosystem.

When the project is launched, thousands of new jobs will be created, the IT and high-tech industry will gain momentum, and foreign investment will increase. At the same time, the new city will offer young people modern opportunities for education and work, and create a new urban culture.

The initiatives outlined in the Address by President Kassym-Jomart Tokayev are a historic step that paves the way for a new stage in the country's development. In particular, the decision to implement the Alatau City project is an important initiative aimed at increasing the country's innovative potential and raising the country to new heights at the international level.

We are grateful for the bold and strategic steps of the Head of State. These initiatives will make our country a leader in the digital era, create new jobs, and guide young people to education and entrepreneurship. We believe that under the confident leadership of our President, the future of our country will be bright. Alatau City will be a symbol of the nation's entry into a new era.

Yuriy Tskhay,

Chairman of the Board of Directors of Caspian Group JSC 

Source link: https://egemen.kz/article/394865-zhanha-dauir-mumkindigi

Alatau City to be granted special status

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