BAKU, Azerbaijan, June 27. Kazakhstan and Melco
Resorts & Entertainment Limited have discussed tourism
infrastructure cooperation frameworks within the developing Alatau
City project, the press service of Kazakh government says.
The issue was reviewed during a meeting between Prime Minister
of Kazakhstan Olzhas Bektenov and Lawrence Ho, Chairman and Chief
Executive Officer of the international hospitality group.
"During the talks, the sides evaluated prospects for developing
the country's hospitality sector, focusing closely on potential
investor participation in projects within the Alatau region," the
statement says
Bektenov emphasized that President of Kazakhstan Kassym-Jomart
Tokayev pays increased attention to the Alatau City initiative and
the construction of its critical infrastructure.
He highlighted that a new Constitution and the Constitutional
Law "On the Special Legal Regime of Alatau City" enter into force
on July 1, 2026, establishing transparent investor interaction
mechanisms, long-term stability for project implementation, and
modern investment protection frameworks.
Lawrence Ho expressed his company's interest in pursuing joint
projects, pointing out Kazakhstan's significant potential in the
regional tourism market.
Following the consultations, both sides reaffirmed their mutual
commitment to expanding commercial ties and advancing modern
infrastructure frameworks.
Melco Resorts & Entertainment Limited (NASDAQ: MLCO)
is a developer, owner, and operator of integrated casino resorts
and entertainment facilities, primarily in Asia and Europe.
Headquartered in Hong Kong, the company operates properties such as
City of Dreams Macau, Altira Macau, City of Dreams Manila, and City
of Dreams Mediterranean in Cyprus.
