Head of Real Estate Fund Samruk-Kazyna signed contract on housing construction of "Alatau City" in Almaty
On September 14 of the current year Head of Real Estate Fund Samruk-Kazyna, Baurzhan Mamytaliyev and Alatau City LLP signed investment contract on construction of "Alatau City" housing project (1st trench) financed by "Nurly zhol" state program.
General constructor of the residential development is Exclusive Group LLP providing full service for residential development in Almaty.
Total area of "Alatau City" residential complex will be 61 253.28 thousand square meters, or in other words, 1056 apartments.
The project is aimed at construction of 11 twelve-storey two-section residential houses with 96 apartments, planned to be built in "Akbulak" microdistrict of Alatau district in Almaty.
Since 2009 Exclusive Group LLP have commissioned over 73 969.14 square metres of accommodation area.
Besides that, during the visit, Chairman of Management Board of Real Estate Fund, B. Mamytaliyeav and Vice-President of BAUR Kazakhstan LLP held a meeting on the issue of construction of the next multiuse residential complex "Vostochka" in Medeu district of Almaty, planned to be developed in the frame of "Nurly zhol" program.
This year the Real Estate Fund has also planned to implement new housing construction projects under the "Nurly Zhol" Infrastructure Development Program in the cities of Astana and Almaty, and in East Kazakhstan and Karaganda Oblasts.
Asset divestiture rules, and rules for selection and examination of residential construction projects as part of the private developer support mechanism can be found at Real Estate Fund's website: www.fnsk.kz.
The Real Estate Fund Samruk-Kazyna JSC was established in 2009 and is the largest developer and operator of state programs in Kazakhstan. Since 2016 the Fund will implement the "Nurly Zhol" program of support for private developers and construction of commercial housing.