ASTANA, Kazakhstan, December 11. Kazakhstan’s
Ministry of Industry and Construction, the state fund Alatau City
Authority, and Korea Overseas Infrastructure and Urban Development
Corporation (KIND) have signed a memorandum of understanding to
jointly develop the Alatau Smart City project, Trend reports via the Kazakh
government.


The document was finalized following a meeting in Astana between
Deputy Prime Minister Kanat Bozumbayev and KIND President and CEO
Bokhwan Kim.


Bozumbayev noted strong interest from Korean companies in the
project and highlighted that KIND could contribute to
infrastructure development, including energy, water supply, water
treatment, wastewater processing, and solid waste management,
through EPC contracts or development formats.


Moreover, the sides also discussed prospects for cooperation on
potential projects in logistics and port infrastructure.
Considering the broad partnership opportunities, the deputy prime
minister proposed that KIND consider opening a corporate office in
Kazakhstan.


The talks continued the dialogue launched in October during the
Alatau Rise with the Kazakhstan roadshow in Seoul, where Kazakhstan
presented Alatau Smart City as one of its key strategic
initiatives.







KIND is an organization established in June 2018 by the
government of the Republic of Korea in accordance with the Overseas
Construction Promotion Act enforced on the 25th of April 2018, to
proactively support global Public-Private Partnership (PPP)
business.


The Alatau Smart City project in Kazakhstan aims to establish a
fully digital and sustainable international business hub between
Almaty and Konayev, spanning approximately 100,000 hectares. It
features four thematic districts—Gate, Golden, Growing, and
Green—with a focus on smart infrastructure supported by 5G, AI,
Urban Air Mobility (eVTOL), and renewable energy. Key components
include a Special Economic Zone (SEZ) offering tax incentives to
attract businesses, advanced mobility solutions like eVTOL air
taxis and drones, and a government strategy that envisions
comprehensive digitization.


The project is intended to serve as a national testbed for smart
city technologies and foster global technological partnerships.


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