Kazakhstan:

Hotspots

property investment hotspots in kazakhstan

Contents

Atyrau

Atyrau is the regional capital with a population of 154,100 people. The city has well developed fishing and oil industries as well as strong machine building and crop production.

Of special importance is the unique Tengiz oil deposit, development of which started a few years ago and the prospective oil and gas deposits in the northeastern part of the Caspian seabed.

Today a number of air carriers including international operators are functioning in Atyrau. The number of passenger flights are steadily increasing and so are the flights to destinations in Kazakhstan, neighbouring countries and abroad. A big programme was drawn up for the development of the airport and is currently being implemented.

Today, relations have been made with over 50 countries and over 55 enterprises with foreign capital now work here. The basis of the industrial potential of the region comprises of the companies engaged in the oil drilling and oil refinery business like the Tengizchevrol Joint company, Kazakhoil-Emba (on April 20, 1999, JSCs Embamunaigaz and Tengizmunaigaz merged into Kazakoil-Emba) and Atyrau Oil Refinery Plant. An oil and gas pipeline company and a geophysical, drilling and scientific organisation are also key to the region.

Almaty

Almaty was the official capital of Kazakhstan for more than 70 years (since April 1927 until December 10, 1997).

There are 5 stadiums, a hippodrome, and Medeu, a mountain sports complex with a unique skating ring where international skating championships are held. Records for the longest ski jumps and fastest speed skating have been set here. The nearby ski resort of Shymbulak and the international mountain climbing camp, Khan-Tengri, attract outdoor enthusiasts from all over the world.

Astana

Astana has been the capital of Kazakhstan since 1997. The most popular area for property investment, the capital is a thriving modern city developing at rapid speed. It is also the political and cultural centre for Kazakhstan.

Astana boasts a five star hotel and a variety of further high quality accommodation for visitors. Apartment blocks are built to European standards and government and office buildings have also been built in the city centre which offers modern roads and a promenade by the riverside.

Since 1997 the population of Astana has nearly doubled with over 600,000 people now living there. The increase in population is attributable to government changes and an increase in the number of jobs available. Construction within the capital receives the largest proportion of foreign investment and as such, is relied upon to create developments and changes that will benefit the whole country.

Astana is centrally located in the republic of Kazakhstan with all roads leading from Siberia to Central Asia, and from China to Europe crossing here. The airport in Astana is undergoing major renovation and a new runway is being built to cope with the growing numbers of people visiting the capital.

Actau

The city of Aqtau is considerably cheaper than other cities in the country and should therefore be noted by investors. It is a relatively new city – built in 1961 to service the burgeoning oil industry and as such should experience high demand and growth.

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