Alatau City pipeline reaches 67 projects worth $6.9 billion

September 4, 2026 at 11:01 AM2 min

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Kazakhstan's Alatau City development has expanded its investment pipeline to 67 projects worth nearly $6.9 billion, with the potential to create around 55,000 jobs. The government review on Aug. 28 shows the project moving from planning toward implementation. The larger question is whether Alatau City can generate new economic activity rather than simply shift activity from neighbouring Almaty.

Key Facts

Alatau City's investment pipeline has expanded to 67 projects worth nearly $6.9 billion, with the potential to create around 55,000 jobs.
The latest government review on Aug. 28 shows the project is moving from planning toward implementation.
PepsiCo and Sunny Paper are in the active implementation phase, while work has begun on production and logistics projects involving Mars Petcare KZ, Griffin Logopark, DanaFlex and G-Trans Service.
Other proposed projects include sustainable aviation fuel and green energy initiatives by Full Vision Capital, a branch of South Korea's KAIST research institute, logistics and data-center projects involving CIMC and a high-tech agricultural complex by Sinomach.
Yernar Serik, a trading and investment analyst, said Alatau City has the potential to become a new center of economic activity, particularly in sectors where Kazakhstan is seeking to diversify its economy.

Investment Pipeline

Alatau City's investment pipeline has expanded to 67 projects worth nearly $6.9 billion, with the potential to create around 55,000 jobs. The latest government review on Aug. 28 shows the project is moving from planning toward implementation. Projects involving PepsiCo, Sunny Paper, Mars Petcare KZ, Griffin Logopark, DanaFlex and G-Trans Service are at different stages of implementation. Additional projects are being developed with Korean and Chinese partners.

Project Portfolio

PepsiCo and Sunny Paper are in the active implementation phase, while work has begun on production and logistics projects involving Mars Petcare KZ, Griffin Logopark, DanaFlex and G-Trans Service. Other proposed projects include sustainable aviation fuel and green energy initiatives by Full Vision Capital, a branch of South Korea's KAIST research institute, logistics and data-center projects involving CIMC and a high-tech agricultural complex by Sinomach. Several Korean companies are also being considered for projects in investment, food production, hospitality, energy, urban air mobility, smart mobility and hydrogen technologies.

Economic Impact

Yernar Serik, a trading and investment analyst and founder of the Tradereport Telegram channel, said Alatau City has the potential to become a new center of economic activity, particularly in sectors where Kazakhstan is seeking to diversify its economy. Serik said the emergence of another major center would be an important structural change for Kazakhstan's economy, where a significant portion of business, capital, and human resources is concentrated in Almaty and Astana. He added that a more realistic model is a polycentric agglomeration, where Almaty remains the financial, educational, and cultural center, while Alatau gains its own specialization.