Deputy Prime Minister Kanat Bozumbaev presented the development concept for the new city of Alatau at a joint session of the parliamentary chambers. The plan includes a special legal status with stable regulations, tax incentives for new projects, and a dedicated administration via the Alatau City Authority. An investment pool of 44 projects valued at 1.8 trillion tenge aims to secure infrastructure by 2030 and create approximately 30,000 jobs.
Key facts
- Investment pool: 44 projects with a total value of 1.8 trillion tenge.
- Jobs: Creation of approximately 30,000 new jobs.
- Infrastructure plan: Phased development up to the year 2030.
- Long-term strategy: Stability of strategic documents guaranteed for at least 5 to 10 years.
- Economic forecast: Regional GDP could reach 50 billion dollars by 2050.
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