The status of the city of Alatau is being prepared to be consolidated by a constitutional law

In order to ensure the advanced development of Alatau city and stimulate the sustainable growth of the innovation-oriented economy of the Republic of Kazakhstan, it is necessary to consolidate in constitutional law the legal foundations that provide for: 1) the formation of a special institutional (regulatory, legal, and organizational) environment that promotes the accelerated socio-economic development of Alatau city through investment in perspective business sectors and the introduction of innovations; 2) the provision of a qualitatively new level of institutional framework for attracting and protecting any private investment in the development of Alatau city; 3) applying leading international management approaches and practices, including the specific features of SEZs,“ according to the regulatory policy advisory document for the draft Constitutional Law ”On the Special Status of the Alatau city".

"An important stage in the implementation of the project was the creation of the G4 City Special Economic Zone (SEZ) on March 15, 2023, renamed the Alatau SEZ on December 26, 2023. By Decree of the President of the Republic of Kazakhstan No. 432 of January 9, 2024 “On changes in the administrative-territorial structure of the Almaty region,” the city of regional significance Alatau was formed, and by resolution of the government of the Republic of Kazakhstan No. 388 of May 17, 2024, “On the master plan of the Alatau city in the Almaty Region (including the main provisions),” its master plan, based on the G4 City concept, was approved. Thus, the development of Alatau city was carried out within the framework of the Alatau SEZ and the master plan, in accordance with which the planned territory was assigned a new status," the document says.

The following conditions, which ensured the effectiveness of the legal regime, were identified as key factors in the center's success:

1) the constitutional law provides rules for the functioning of the legal regime that are understandable to foreign investors, including certain exceptions to the legislation;

2) the constitutional law grants the center's authorities the right to independently issue acts regulating specific issues;

3) the hierarchy of the constitutional law in the system of normative legal acts, which is expressed in its higher legal force compared to the codes and laws of the Republic of Kazakhstan.

"In view of the above, in order to ensure the advanced development of Alatau city and stimulate sustainable economic growth, the formation and regulation of special status is only possible through the adoption of a separate constitutional law that will consolidate the features of the legal regime, local government regime, and the functioning of a special legal regime that goes beyond the established framework of regulation of relations and public administration provided for by the laws and codes of the Republic of Kazakhstan," the statement said.

Source link: https://kaztag.kz/ru/news/status-goroda-alatau-gotovyatsya-zakrepit-konstitutsionnym-zakonom

Otbasy Bank approved concept for financing the construction of individual houses

Previous article

Kazakhstan people will save half a million tenge on a purchase of domestic vehicles

Next article