24 cooperation agreements
were signed between Kazakhstan and China during the Alatau City International
Roadshow in Shenzhen. A Kazakh delegation led by Deputy Prime Minister Kanat
Bozumbayev presented the city of the future project and outlined investment
opportunities for potential partners. The parties agreed to establish
production facilities in Alatau City for next-generation batteries, energy
storage systems, and modern agricultural machinery, as well as to cooperate in
the development of electric transport and charging infrastructure. In addition,
Chinese companies will participate in the construction of industrial
enterprises, energy facilities, and logistics infrastructure. The total
investment potential of the projects is estimated at $6 billion.
The Kazakh delegation then traveled to Hong Kong, where the Alatau City Investment Round Table was held. The event brought together representatives of major investment funds, financial institutions, and technology companies in Hong Kong. Six agreements were signed during the roundtable. One of them provides for the establishment of a private equity fund focused on the economies of Central Asian countries, with Alatau City projects designated as one of its priority investment areas. Particular interest in cooperation was expressed by a leading fintech company behind the Alipay digital payment platform and the Solana Foundation. The latter has expressed its readiness to support the development of the innovative ecosystem of Kazakhstan’s city of the future project.
«Hong Kong holds a unique position in the global financial system and remains one of the world’s leading centers for international investment, capital management, and cross-border business. That is why it is particularly important for us to present the Alatau project to Hong Kong’s investment and business community. For the first time in Kazakhstan’s history, the city is being established under a special legal regime focused on attracting investment, fostering innovation and accelerating economic development,» Bozumbayev said.
«Last year, Kazakhstan’s economy rose 6.5 percent, supported by strong domestic demand and abundant natural resources. I’ve seen Kazakhstan’s dynamism for myself. Kazakhstan’s ambitious reforms and its open, welcoming attitude towards international partners were both welcome and impressive. And Hong Kong is eager to build on this momentum, to explore wide-ranging business and investment cooperation with Kazakhstan,» said John Lee, Chief Executive of the Hong Kong Special Administrative Region.
Bozumbayev also held a
meeting with Hong Kong business leaders. International investors expressed
their willingness to partner and implement joint projects in Alatau City.
Related Articles
