ASTANA – A landmark real estate project where each quarter of the city will match the style of a particular world capital was unveiled Nov. 5 by BI Group Holding.
Known as BI City, the new design is expected to emerge around the Khan Shatyr shopping mall, located on the left side of the Yessil River, and provide powerful future development impetus to this area. The project envisions administrative, business and cultural centres, as well as residential areas with developed infrastructure, totaling more than 1.5 million square metres. Construction of the project is scheduled for the next eight years and will cost up to $2.5 billion. BI City was successfully presented to Kazakh President Nursultan Nazarbayev in April 2014, according to Aidyn Rakhimbayev, head of BI Group Holding.
“We are developing this project together with the True Capital Company. We have already started to work on the site of our first district, which is called Seoul,” he said.
Guests of the event were met by women dressed in Korean national attire, as the first city district would be dedicated to the South Korean capital. The quarter, to be constructed under the motto “Soul of Asia,” will incorporate eight mid-rise residential complexes with façades reflecting construction typical of that nation’s capital. The district will provide everything needed for a full-fledged urban living and dynamic work activity.
According to Assel Zhunusova, director of sales of BI Group Holding, high quality materials will be used in construction.
“BI City is going to be built in accordance with the latest technologies and on a base of high-quality materials, such as granite, limestone, travertine and fundermax. Permanent technical supervision will guarantee good quality construction put up in a short period of time,” she explained.
The main objective of this project is to solve the housing problem, which is especially important in the realities of the present day, when about 50,000 new citizens are coming to the capital every year.
Another benefit of BI Cityis the developed sports infrastructure, which includes areas for cycling, jogging and working out, as well as children’s playgrounds with special protective rubberised flooring, a kindergarten and school.
As part of the EXPO 2017 preparation plan, a green quarter will also be built on the territory of BI City, which represents a unique project of innovative construction using the latest developments in the field of energy efficiency to be implemented together with Samryk Kazyna Development.
“I like the fact that despite the unusual approach used in construction, apartment prices are pretty [reasonable] and many people can afford buying an apartment here,” said one of the guests of the presentation Anvar Kentayev.