Nine agreements with British companies worth a total of $1.3 billion were signed in London as part of a roadshow to attract investment in the new city of Alatau. Investors were particularly interested in projects in the fields of education and medicine, the government reported. This was reported by Qazaqyia.kz citing Kursiv Media.
The Alatau City Investment Roundtable was held in London as part of the roadshow to attract investors to the development of Alatau city. The event was attended by 70 companies, investment funds, banks and expert organizations, including JPMorgan Chase, AstraZeneca, BP and Brookfield Asset Management.
Vice Minister Kanat Bozumbayev presented the concept for the development of Alatau City and the city's investment opportunities to the participants. During an expert session with the participation of international law firms Norton Rose Fulbright, Reed Smith and Boies Schiller Flexner, the mechanisms of legal regulation in the special territory were discussed, as well as the creation of the Alatau City investment court applying the principles of English law.
Heads of the London Stock Exchange, investment companies and banks Brookfield Asset Management, Société Générale, J.P. Morgan and the European Bank considered opportunities for attracting market capital to the city, using project financing instruments and the participation of international financial organizations in the development of energy, transport and engineering infrastructure.
In total, following the event, nine agreements were signed with international companies for a total amount of $1.3 billion. British investors were interested in the development of educational and medical infrastructure in Alatau.
Thus, the possibility of opening educational institutions jointly with the University of Exeter, Brighton College and Repton Group is being explored.
The pharmaceutical company AstraZeneca and Crescent Meditours, a company specializing in medical tourism, are working on issues of developing medical infrastructure, attracting investment and scientific exchange.
Alatau's investment portfolio includes 67 projects with a total value of $6.9 billion, the implementation of which envisages the creation of about 55 thousand jobs. In parallel, 28 engineering and transport infrastructure projects worth 35.3 billion tenge are being implemented in the city.
Earlier, President Kassym-Jomart Tokayev announced that a special judicial system would be created in Alatau. Commercial cases will be considered by a special investment court operating under the English common law model.
On October 26, in Alatau, with the participation of Vice Premier Kanat Bozumbayev, a ceremony was held to lay the first stone of the Iconic Complex multifunctional complex, which will become the city's first skyscraper.