Jun 02, 2026
“Building a sustainable model for the city’s development.
Implementing the project involves significant capital and operating costs, which, in turn, requires the creation of a stable, predictable revenue base. The current financial and economic model carries certain risks in terms of covering future expenses.
The inflow of investment and business development, on which the plan relies, is not a guaranteed source of revenue, but merely a forecast and an expectation.
Furthermore, the preferential measures envisaged for the initial phase will reduce tax revenue.
This risks creating a structural gap, where expenditure on the city’s development and upkeep is required immediately, whilst revenue is either deferred or initially underestimated.
Therefore, the Alatau Development Council, in conjunction with the City Administration, must develop an effective financial and economic model for long-term sustainable development. In parallel, the city’s foundational strategic planning documents must be approved. Investors, partners and citizens must understand what Alatau will look like in 10, 20 and 30 years’ time.
Alatau City will become the first fully digital city, where infrastructure, urban services and the economy are integrated on the basis of big data, cutting-edge technologies and ‘smart’ management. These are the key guiding principles.
All strategic documents (the long-term plan, master plan and development strategy) must be adopted by the end of 2026, so that the active phase of the city’s development can begin as early as next year.
In the implementation of such large-scale long-term projects, a swift, accelerated and, above all, successful start to this process is of paramount importance. If we start dragging our feet – consider the matter lost.” – stated K.J.Tokayev.
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