Alatau: Kaspian Group plans cooperation with South Korean ICT and medical technology firms

Investment & companies1 Source

Published 13 Nov 2026 · last updated 13 Nov 2026 · 4 Jul 2024

The Kaspian Group, led by Choi Yu-ri, discussed cooperation with South Korean companies for the development of the new city of Alatau in Kazakhstan during a meeting in Seoul. The focus is on building smart city infrastructure through high-tech companies and establishing medical facilities and educational institutions. The project, which has been an official state undertaking since May 17, 2024, is to be designed after the model of Singapore.

Key facts

• The Alatau project has been an official state undertaking of Kazakhstan since May 17, 2024.
• The city is being developed in four zones: Gate (Administration/Banks), Golden (Medicine/Education), Growing (Industry/Logistics), and Green (Tourism).
• The total area is approximately twice the size of Seoul.
• The investment volume is stated at more than 25 trillion KRW.
• Development is carried out in accordance with the Kazakh law on Special Zones of Economic Freedom.

All sources (1)

1. 히든기업경영전략연구소, 카스피안 그룹회장단과 간담회 - 최유리 회장, “알라타우시티 중앙아시아의 싱가포르로 만들 것”시사뉴스 · 4 Jul 2024 · KO