Alatau City plans to attract nearly $7 billion in investment

Alatau City plans to attract nearly $7 billion in investment

Alatau City has assembled an investment portfolio of 67 projects worth nearly $7 billion. A meeting of the city Council was held under the chairmanship of Kazakh Prime Minister Olzhas Bektenov. Efforts to attract investment to the city will continue, with a number of major new projects currently being developed. These include the production of sustainable aviation fuel, the development of green energy, logistics and digital infrastructure, data centers, and the creation of a high-tech agro-industrial complex. The city also plans to develop smart mobility and hydrogen technologies, with agreements reached with Hyundai Motor Company. As part of the development of Alatau Crypto City, the Tokenization by Default concept has also been prepared. It has already attracted interest from 43 international and Kazakh companies. By the end of this year, tokenization projects worth up to $10 million in total are planned to be launched. Particular attention at the meeting was paid to the development of the city’s engineering and transport infrastructure. A total of 26 such projects are planned. In addition, a strategic master plan for the development of Alatau through 2040 and a long-term plan through 2055 are currently being developed.