Kazakhstan to build metropolis in style of Singapore - Tokayev

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Within the framework of the Kazakhstan-Singapore Business Forum in Singapore, President Kassym-Jomart Tokayev of Kazakhstan discussed important aspects of implementing the flagship project Alatau City in the Almaty region, Zakon.kz reports.

President Tokayev is on an official visit to Singapore.

In his speech to forum participants, Tokayev explained that the implementation of this project was discussed during negotiations with the President and Prime Minister of Singapore.

Tokayev confidently stated, "We intend to build a completely new integrated metropolis in the style of Singapore, which can become a leading international business hub, meeting global standards."

He emphasized that well-thought-out infrastructure, the use of innovative technologies in housing construction, and a focus on promising industries are all critically important elements ensuring the success of Alatau City as a sustainable development project.

"The development of innovative sectors such as IT, startups, research and development, sustainable manufacturing, renewable energy sources, agribusiness, healthcare, should demonstrate a departure from traditional resource-consuming industries. Obviously, creating a green, sustainable, and inclusive city requires intensive coordination of policies and investment conditions. Therefore, the government of Kazakhstan has established the Alatau SEZ covering an area of ​​about a thousand square kilometers," Tokayev stressed.

In January 2024, by the decree of the President of Kazakhstan, the city of regional significance Alatau of Ili district was formed near the city of Almaty.

The Government of Kazakhstan has approved the General Plan of the city and changed the boundaries of Ili and Talgar districts and the city of Konaev of Almaty region. The President of Kazakhstan also approved the decision to expand the territory of the SEZ from 30 thousand to 96.5 thousand hectares and to rename the SEZ G4 City to the SEZ Alatau.

As a result of official negotiations between the two states, a number of agreements have been concluded. The parties stated their intention to increase bilateral trade to $2 billion.


May 23, 2024