27 new agreements worth over $2 billion in investment have been reached following the European roadshow for the Alatau City project. The opportunities offered by Kazakhstan’s new technology-driven city were presented to investors in London, Berlin, and Frankfurt. In particular, 18 documents worth $700 million were signed with German companies. In Frankfurt, the final stop of the roadshow, discussions focused on bank financing for projects and the purchase of German equipment. Cooperation will also cover industry, engineering infrastructure, education, healthcare, tourism, and the digital economy. The new agreements are expected to attract long-term capital to Alatau City and pave the way for modern manufacturing facilities.
«We worked on plans to develop engineering and utility infrastructure, establish medical device manufacturing in Alatau City, introduce asset tokenization mechanisms, and expand investment advisory services. We also reached an important agreement between Alatau City Bank and German financial institutions, including Deutsche Bank and KfW,» said Kanat Bozumbayev, Kazakh Deputy Prime Minister.
«I think there are enormous opportunities forming infrastructure generation perspective. And that comes as well together like we saw with for example Baiterek Holding to combine financing possibilities together from Germany. I would believe that as I said we need to even better try to communicate the opportunities that are coming with Alatau to the German industry. I think there will be as well possibilities to attract investments into Alatau City development plan,» said Marck Wengrzik, Chief Executive Officer and Spokesperson of the Management at AKA Bank.
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