KIND

KIND Signs MOU with the Government of Kazakhstan on Alatau AI and Smart City Development

– Establishing a Cooperative Framework to Support the Entry of Korean AI Technologies and Solutions into Kazakhstan –

Korea Overseas Infrastructure & Urban Development Corporation (KIND, President Kim Bok-hwan) announced that on December 11, it signed a Memorandum of Understanding (MOU) for cooperation on the Alatau Smart City development project with the Ministry of Industry and Construction of Kazakhstan and the Alatau City Authority State Fund (ACA) in Astana, Kazakhstan, in the presence of Kanat Bozumbayev, Deputy Prime Minister of Kazakhstan.

The signing of this MOU follows up on the “Alatau Rise with Kazakhstan” roadshow held in Seoul last October. Through this meeting, the two sides held in-depth discussions on ▲directions for cooperation in the development of the Alatau Smart City ▲sharing project information and conducting joint project reviews ▲measures to expand participation by Korean companies.

Deputy Prime Minister Kanat Bozumbayev stated, “The Alatau Smart City is a large-scale national project that encompasses not only residential and industrial complex development, but also strong demand for core urban infrastructure such as energy, water and sewage systems, and waste management,” adding that he “welcomes the active participation of Korean companies with extensive experience and advanced technologies in infrastructure development.” He also expressed strong commitment to expanding practical cooperation between the two countries.

Building on its accumulated experience in overseas infrastructure investment and development, KIND plans to work closely with the Ministry of Industry and Construction of Kazakhstan and ACA to facilitate substantive cooperation, including information sharing and joint reviews of Alatau Smart City-related projects.

Through this MOU, KIND aims to further strengthen the cooperative framework for the Alatau Smart City development, expand overseas market opportunities for Korean companies in the infrastructure and smart city sectors, and establish a mutually beneficial cooperation model that contributes to Kazakhstan’s sustainable urban and infrastructure development.

President Kim Bok-hwan of KIND remarked, “For the successful implementation of the Alatau Smart City project, it is essential to establish a systematic foundation across all stages, including legal and institutional frameworks, organizational structures, planning systems, investors, and project operators,” and added, “We hope that this MOU for smart city development will lead to tangible project implementation utilizing Korean AI technologies and solutions, expanding from government-to-government (G2G) cooperation to business-to-business (B2B) collaboration.”