Hong Kong firms sign 6 deals to support Kazakhstan’s new hi-tech, economic hub
‘We are well positioned to help Kazakhstan fund high-potential infrastructure and innovation projects. We speak the language of global finance,’ John Lee says
Hong Kong’s business community has signed six agreements with Kazakhstan to support the development of the country’s new hi-tech and economic hub, as Chief Executive John Lee Ka-chiu positions the city as the project’s gateway to global capital and the mainland Chinese market.
The memorandums of understanding (MOUs), unveiled at an investment round table on Thursday, centre on the development of Alatau City, the Central Asian country’s flagship future-city project, and focus on innovation and technology, including blockchain, digital asset infrastructure and artificial intelligence (AI).
The MOUs follow 61 deals already reached between the two sides during Lee’s visit to Kazakhstan last week.
Speaking at the event, Lee emphasised that Hong Kong was well placed to serve as a gateway for the Alatau City project to global capital, highlighting its unparalleled access to the mainland market and supply chains.
“Hong Kong is eager to build on this momentum, to explore wide-ranging business and investment cooperation with Kazakhstan, Alatau City, very much included,” Lee said.
“We are well positioned to help Kazakhstan fund high-potential infrastructure and innovation projects. We speak the language of global finance.”