Alatau: Caspian Group and Kazakhstan plan K-Park and special economic zone

Investment & companies1 Source

Published 8 Nov 2026 · last updated 8 Nov 2026 · 17 Nov 2025

The Caspian Group and the Kazakh Korean Association plan to build a cultural and business complex called "K-Park" with an area of about 10 hectares within the new city of Alatau. The Kazakh government has designated Alatau as a special economic zone and plans to build a smart city over a period of about 30 years. Technologies such as artificial intelligence and urban air mobility are to be implemented.

Key facts

• The Caspian Group and the Kazakh Korean Association plan a "K-Park" with approx. 10 hectares of area.
• Alatau is designated as a special economic zone.
• Development into a smart city is planned over approx. 30 years.
• Investor Vyacheslav Kim has pledged an investment of 1 billion USD.
• Technologies such as artificial intelligence and urban air mobility are to be implemented.

All sources (1)

1. Korean Han Sang, 77, "Challenge to create a super-large new city in Kazakhstan"매일경제 · 17 Nov 2025 · EN