Spotlight on Alatau City: Future Forward Project Highlights for 2025
Astana, Kazakhstan - The Astana International Forum (AIF) 2025 will host a panel session titled "Alatau City: The Future is Now" on May 29, centering on one of Kazakhstan's most defining infrastructure projects. This session will shine a spotlight on Alatau City, a proposed urban development within the Almaty agglomeration, designed as a testbed for cutting-edge technologies in property technology (PropTech), low-altitude economy (LAE), urban air mobility (UAM), and digital institutionalization.
First unveiled to an international audience by Kazakh President Kassym-Jomart Tokayev during his Singapore visit in 2024, the project has garnered significant interest from global investors, urban technology experts, and innovative firms. The upcoming panel session will delve into the legal and institutional frameworks shaping the city's development, examining potential international models for implementation. Participants will also debate the role of PropTech in forging an innovative and interconnected urban environment. The discussion will also touch upon the integration of drones and autonomous systems into city infrastructure.
The panel will focus on LAE development strategies in Kazakhstan and the construction of a strong financial ecosystem to support long-term economic growth, investment opportunities, and international capital attraction mechanisms. Experts and stakeholders from the investment sector, tech companies, real estate developers, and government institutions will partake in the open discussion format.
The session will be conducted in English, with simultaneous interpretation in Kazakh and Russian. For more information, visit the official AIF2025 website or direct inquiries to [email protected].
In regards to the legal framework for the project, it's based on the customs legislation of the Eurasian Economic Union (EAEU) and Kazakhstan, operating within a Special Economic Zone (SEZ) where a free customs zone procedure is applied, allowing goods in the SEZ to be treated as being outside the customs territory of the EAEU for customs duties and non-tariff regulation measures. The AIF 2025 will discuss adapting international models to Alatau City's development.
PropTech plays a pivotal role in Alatau City's vision, encompassing the integration of advanced technologies into property development and management, aiming to boost efficiency and enhance the quality of life for residents. This involves the implementation of smart buildings, smart infrastructure, and digital platforms managing urban services.
In addition to the strategies mentioned above, integrating drones and autonomous systems into city infrastructure, building a robust financial ecosystem, and fostering international cooperation by engaging with global investors, urban technology experts, and leading innovation firms are also crucial for the successful development of the LAE in Alatau City.
- The panel session at the Astana International Forum (AIF) 2025 will delve into the role of PropTech in creating an innovative urban environment within Alatau City, discussing the integration of advanced technologies like smart buildings, smart infrastructure, and digital platforms.
- To support long-term economic growth and attract international capital, the development of Alatau City is focusing on building a strong financial ecosystem, including strategies for investments in real-estate, technology, and business sectors.
