Meeting with Almaty Region Akim Chingis Arinov advances an integrated programme spanning waterfront tourism, logistics, urban development and international water sport.
ALMATY, KAZAKHSTAN — October 23, 2026 — iHolding Group, led by Founder and Chairman Alain Khoueiry, has announced progress across four major initiatives following a meeting between its leadership team and Chingis Arinov, Akim of Almaty Region, on October 22.
The discussions focused on moving forward with the 800-hectare Kaz Riviera waterfront development, the 4,500-hectare Cargo City project, Talgar Echo City, and Kazakhstan’s hosting of the inaugural W1 World Championship in August 2027.
According to iHolding, the meeting secured regional support for advancing the projects, including approval of the proposed land areas for Kaz Riviera and Cargo City. The immediate priority is to translate these commitments into coordinated implementation, with the necessary planning, documentation and project approvals.
Together, the initiatives represent iHolding’s ambition to develop a major private investment programme connecting tourism, trade, urban development and international sport, with benefits for Kazakhstan at the centre of its strategy.
Kaz Riviera: A Waterfront Destination with International Ambition
Planned across 800 hectares on the shores of Kapchagay Lake in Konaev, Kaz Riviera is envisioned as a destination combining hospitality, residential development, leisure, entertainment and waterfront experiences.
The project aims to attract international visitors and investment while creating opportunities for local businesses and employment. Hosting W1 racing would add an international sporting dimension to the wider waterfront development vision.
Cargo City: Connecting Kazakhstan to Global Trade
The proposed 4,500-hectare Cargo City is intended to support Kazakhstan’s role as a link between international markets.
The project’s vision brings together cargo operations, logistics, warehousing and supporting commercial infrastructure. Its development would seek to attract operators and investment partners while creating opportunities for businesses involved in regional and international trade.
Talgar Echo City: Advancing a New Urban Vision
iHolding also confirmed its intention to move forward with Talgar Echo City, with further planning and coordination focused on developing its urban concept, infrastructure requirements and investment framework.
The project forms part of the group’s broader approach to creating destinations where residential, commercial and community development support long-term economic activity.
W1: Kazakhstan Signs as the First World Championship Destination
Alongside its development projects, iHolding highlighted Kazakhstan’s signing as the host destination for the inaugural W1 World Championship, scheduled for August 2027 in the Almaty region.
Registered in the United States and led by President Alain Khoueiry, W1 is being developed with the ambition of becoming one of the world’s premier water racing championships.
FERRELLI, the boat manufacturer owned by Alain Khoueiry together with Vivasor, will manufacture the championship’s racing craft. The proposed event combines professional racing with hospitality, entertainment and fan experiences, creating an opportunity to showcase Kazakhstan to international audiences.
Regional Cooperation and Next Steps
Alain Khoueiry welcomed the support of Akim Chingis Arinov and the regional administration, highlighting the importance of close cooperation in advancing preparations and beginning implementation as soon as practicable.
The next phase will focus on project planning, technical studies, investment partnerships and coordination with the relevant authorities.
Through Kaz Riviera, Cargo City, Talgar Echo City and W1, iHolding aims to connect investment in physical infrastructure with destinations and events that attract people, businesses and international attention—supporting Kazakhstan’s development while building lasting commercial value.
About iHolding Group
iHolding Group is a Kazakhstan-based investment and development group founded and chaired by Alain Khoueiry. Its interests span real estate, tourism, logistics, industry and innovation, with a focus on developing projects through international partnerships.
