Kazakhstan presents Alatau City in London, signs nine agreements worth $1.3 billion

Alatau City, a city in Kazakhstan initiated by President Kassym-Jomart Tokayev, was presented at an investment round table in London. More than 70 companies, banks and funds were represented. The project is described as the country's first fully digital city.

Deputy Prime Minister Kanat Bozumbayev said nine key agreements worth $1.3 billion had been signed, calling this only the beginning. The documents cover areas from pharmaceutical production to financing city infrastructure. Plans are under review to open educational institutions with the University of Exeter, Brighton College and Repton Group, while cooperation with AstraZeneca covers the medical sector.

Financing was discussed with JPMorgan, the London Stock Exchange and the European Bank for Reconstruction and Development. The investment portfolio includes 67 projects worth nearly $7 billion, expected to create about 55,000 jobs. Separately, 28 engineering and transport infrastructure projects worth more than 35 billion tenge are under way, and the European roadshow will continue in Germany.