Alatau City: No Competition with IFC, Focus on Urban Development

Investment & companies2 Sources

Published 13 Nov 2026 · last updated 14 Nov 2026 · 13 Nov 2026

Renat Beketov, head of the International Financial Center Astana (IFC), stated at the Kazakhstan Finance Congress that Alatau City is not a competitor to the IFC. Their statutory tasks differ: the IFC focuses on capital markets and financial products, whereas Alatau City is primarily tasked with accelerating urban development.

Key facts

• The IFC and Alatau City have distinct statutory tasks.
• Alatau City focuses on urban development, construction, science, and innovation.
• IFC financial products are extraterritorial, while Alatau City is territorially bound.
• The Constitutional Law on the special status of Alatau City was adopted in the second reading on March 27.
• The special status applies to the city and the suburban zone.

All sources (2)

1. Будет ли Alatau City конкурентом МФЦА?National Business · 13 Nov 2026 · RU
2. Два финансовых центра на одну страну: чем МФЦА будет отличаться от Alatau CityUlysmedia.kz · 13 Nov 2026 · RU