Not a request, but a specific assignment. The President called on officials to make strong-willed decisions
Summarized and contextualized by DistantNews.
At a glance
- President Kassym-Jomart Tokayev stressed the need for maximum comfort and top-tier service for investors in Alatau city.
- He ordered officials to make decisive choices, emphasizing strict adherence to international standards and a favorable investment climate.
- The city's special legal status aims to create a favorable environment for innovation, investment, and economic growth, focusing on IT, manufacturing, transport, tourism, medicine, and education.
Kazakhstan's President Kassym-Jomart Tokayev has directed officials to prioritize creating a "favorable investment climate" in the developing Alatau city, emphasizing "maximum comfort for investors and the highest level of service."
We must create a favorable investment climate. The priority is to ensure maximum comfort for investors and the highest level of service.
Speaking at a meeting on Alatau's development, Tokayev stated that strict adherence to international standards is crucial, especially where national regulations lag. He issued a "direct order" for responsible officials to make "decisive choices without hesitation," framing it as essential for accelerated and pioneering growth.
The president highlighted that cities with special legal status are leading by actively attracting global capital. He stressed the urgency of protecting foreign investment, providing "one-stop-shop" services, and ensuring transparent conditions with "immutable state guarantees." Building a sustainable ecosystem to scale up investment inflows requires attracting major investors by fostering a favorable environment.
First and foremost, it is essential to strictly adhere to all international standards. This is particularly vital in areas where national regulation objectively lags behind best practices. Initiating this work is the key to our accelerated and pioneering growth. Responsible officials must make decisive choices without hesitation. This is not a request or advice; it is a direct order
Tokayev identified priority sectors for development in Alatau as IT, manufacturing, transport and logistics, tourism, medicine, and education. The city's recently signed Constitutional Law "On the Special Legal Status of the City of Alatau" represents a new approach to forming an independent ecosystem designed to foster innovation, investment, and economic growth.
Protecting foreign investment, providing 'one-stop-shop' services, and ensuring transparent conditions and immutable state guarantees are urgent and paramount tasks. We must ensure high-quality process management and build a sustainable ecosystem to scale up investment inflows.
Originally published by Tengrinews. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.