Alatau City presented to Hong Kong investors as 'new economic growth center'

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Hong Kong, one of the world's leading financial hubs, has become the venue for presenting the investment potential of Alatau City — a new economic growth center being created on the instructions of Head of State Kassym-Jomart Tokayev. The roadshow resulted in the signing of agreements and memorandums of understanding, with foreign investors reaffirming their interest in Alatau City projects.

The Alatau City Investment Roundtable was attended by Kazakh Deputy Prime Minister Kanat Bozumbayev and Hong Kong Chief Executive John Lee Ka-chiu. The project was presented to representatives of major investment funds, financial institutions, technology companies, and business associations in the region.

Special attention was paid to the prospects of Hong Kong companies and financial institutions participating in Alatau City projects.

Addressing the event, Bozumbayev noted that Kazakhstan views the Hong Kong SAR as one of Asia's top international financial hubs and a crucial platform for attracting investment, technology, and expertise.

In turn, Hong Kong Chief Executive John Lee expressed interest in expanding the partnership and voiced support for developing direct contacts between the business communities of both sides.

In particular, he noted that Kazakhstan's economy is showing steady growth of 6.5 percent. Chief Executive John Lee Ka-chiu highlighted that he has personally witnessed the country's development dynamics and the high level of business activity. According to him, the ongoing reforms, openness, and favorable attitude toward investors create unique opportunities for further cooperation. He added that Hong Kong aims to use this positive momentum to strengthen its partnership with Kazakhstan.

As a result of the event, six agreements and memorandums of understanding were signed between the Alatau City Authority and leading corporations in digital technology and innovation. These include NT Digital Technologies, a major fintech company that includes the Alipay digital system, as well as the Solana Foundation, a leading international organization in Web3 and digital asset development.

The documents provide for the development of Alatau City's innovation ecosystem, the introduction of modern digital solutions, support for technology startups, and training of specialists in blockchain technologies.

A memorandum was also signed to establish a private equity fund to support projects in Central Asia, including Kazakhstan, with priority given to the development of Alatau City.

Deputy Prime Minister Bozumbayev also held meetings with Hong Kong business leaders, who expressed readiness to partner and implement joint projects in the city.

As Qazinform News Agency reported earlier, Alatau City roadshow in Shenzhen netted 24 deals worth up to $6 billion.

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