BAKU, Azerbaijan, June 2. Kazakhstan President
Kassym-Jomart Tokayev has voiced high expectations for the
development of the new Alatau City project, emphasizing the need
for strong institutions, transparent regulation, and a
comprehensive legal framework, Trend reports via the press service of the Kazakh
president.
Speaking at a meeting on the development of Alatau City, Tokayev
noted that the decision to establish the new city was made under
challenging economic conditions but was carefully considered and
strategically justified.
“Alatau City is a fully developed and well-balanced project.
International experience shows that future-oriented cities can
elevate national development to a new level. Dubai, Shenzhen,
Incheon, and many others are strong examples. Therefore,
expectations for Alatau City are high,” he said.
The president stressed that the initial phase must focus on
resolving legal, land, and infrastructure issues, calling them
critical prerequisites for successful implementation.
Tokayev also underlined that while a constitutional law has laid
a solid legal foundation for the city’s development, this alone
will not guarantee success.
“There are many examples where special economic zones failed to
meet expectations due to weak institutions, lack of transparency,
and unpredictable regulatory environments,” he noted, adding that
lessons from such cases must be taken into account.
He emphasized the need to build a unified legislative system and
establish a transparent and high-quality regulatory framework
covering all key areas of business activity and daily life in the
city.
According to Tokayev, this framework should operate on two
levels: a constitutional level, which already defines the core
principles, and a regulatory level, which will set practical legal
mechanisms across different sectors of economic activity.
