On 26 October 2026, a ceremony marking the launch of the Iconic Complex project was held in Alatau. The mixed-use development will bring together offices, apartments, a hotel, a shopping centre and public spaces, laying the foundation for a new business district in the city. The total investment in the project exceeds USD 800 million. Completion is scheduled for the end of 2029.
Launch Ceremony
The ceremony was attended by Kanat Bozumbayev, Deputy Prime Minister of the Republic of Kazakhstan; Timur Suleimenov, Chairman of the National Bank of the Republic of Kazakhstan; Gao Bo, Chairman of the Board of Directors of CSCEC International; Gabriele Pascolini, Head of the European practice at the American architecture firm Skidmore, Owings & Merrill (SOM); and Yuriy Tskhay, Member of the Alatau City Council. Representatives of the Government, ministries, Alatau City Authority, United Group Alatau and residents of Alatau were also in attendance.
The Iconic Complex project was presented to the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, on 2 June 2026. During the ceremony, Yuriy Tskhay, Member of the Alatau City Council and Chairman of the Board of Directors of Caspian Group, highlighted the role of government support in the development of the new city.
“The project would never have been launched without the direct political will of Kassym-Jomart Tokayev, his active support and the strong involvement of government authorities. Under different circumstances and in another country, this would have been difficult even to imagine. In just four years, Alatau City has secured its own special economic zone, city status, defined boundaries and a special regulatory framework, while also being successfully presented on the international stage,” said Yuriy Tskhay.
The general contractor is China State Construction Engineering Corporation (CSCEC), one of the world’s largest investment and construction groups. Companies within the group have contributed to the construction of Ping An Finance Centre in Shenzhen and Shanghai World Financial Center in Shanghai. CSCEC views Iconic Complex as the first step towards long-term cooperation in Alatau’s development.
“For CSCEC International, the Iconic Complex project in Alatau City will be a priority project of strategic importance. We will ensure its delivery to the highest standards, deploying our best teams and resources. Together with all project participants, we intend to create a new architectural landmark of national significance,” said Gao Bo, Chairman of the Board of Directors of CSCEC International.
Read more: https://alatau.city/news/iconic-complex-a-project-worth-more-than-usd-800-million-launches-in-alatau