Alatau City is strengthening its investor protection system. The company
involved in developing the new city and the prosecution authorities have signed
a memorandum of cooperation. It provides for the early identification of
administrative and legal barriers, joint consideration of business appeals and
the pre-trial settlement of disputes. Nationwide, the Committee for the
Protection of Investors’ Rights is currently supporting nearly 3,500 projects.
The mechanisms used include digital monitoring, the personal prosecutor system
and the prosecutorial filter. Alatau City is being developed as a new center
for business, technology, and modern urban development, with a focus on
manufacturing and logistics. Major projects are currently being prepared for
launch in the city.
«To date, an investment portfolio of 67
projects has been formed, with a total value of nearly $6.9 billion and the
potential to create around 55,000 jobs. A number of manufacturing and logistics
projects are already under implementation. At the same time, work is underway
to launch major flagship projects that are set to become new growth drivers for
the urban economy,» noted Timur Tashmukhambetov, Engineering and Construction Director,
Alatau City Authority.
Related Articles
