Source: Halyk and Alatau City Bank Become Partners in the Development of Alatau City

Alatau City Authority, Alatau City Bank, and Halyk Bank have signed a Memorandum of Cooperation aimed at supporting the comprehensive development of Alatau City as Kazakhstan’s new hub for innovation, technology, investment, and entrepreneurship.

The document was signed by Alisher Abdykadyrov, Chief Executive Officer of Alatau City Authority, Kuat Kozhakhmetov, Chairman of the Board of Directors of Alatau City Bank, and Umut Shayakhmetova, Chairperson of the Management Board of Halyk Bank.

The agreement marks another step in implementing the development objectives for Alatau City outlined by the President of the Republic of Kazakhstan, Kassym-Jomart Tokayev, who has repeatedly emphasized the importance of creating a modern innovation ecosystem in Alatau to attract investment, talent, technology, and new industries.

The agreement covers cooperation in artificial intelligence, the low-altitude economy, smart city technologies, the Internet of Things (IoT), Web3, digital assets, fintech, real-world asset tokenization, and advanced digital solutions for urban infrastructure. The parties also plan to cooperate in high-tech industries, including transport and logistics, tourism, education, science, and healthcare.

Kuat Kozhakhmetov said Alatau City Bank views the “city of the future” as a platform for next-generation financial and technological solutions, including digital assets, and added that the partnership would help establish Alatau as one of the most attractive centers for investment and innovation in Central Asia.

The cooperation aims to create favorable conditions for joint projects, investment attraction, innovative technologies, and the development of a modern urban environment that meets the highest international standards.

Umut Shayakhmetova said Halyk Bank is involved in projects focused on digital infrastructure, entrepreneurship, innovative technologies, and improving residents’ quality of life, adding that cooperation between the state, financial sector, and businesses can help create a modern ecosystem for sustainable economic development in Alatau.

The agreement is a framework document. Specific projects and implementation mechanisms will be determined separately and formalized through separate agreements in accordance with the legislation of the Republic of Kazakhstan.