Nurali Aliyev

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Nurali Aliyev
Born 1 January 1985
Alma-Ata, Kazakh SSR, Soviet Union
Occupation Ex-Deputy Mayor of Astana, Kazakhstan
Children 4
Family Married

Nurali Aliyev (born January 1, 1985) is a Kazakh entrepreneur and investor, and ex-Deputy Mayor of Astana. He is the grandson of the president of Kazakhstan Nursultan Nazarbayev.


Born in Alma-Ata, he holds Executive Master of Business Administration from Imadec in Vienna, Austria.[1] Attended McCOMBS School of Business, University of Texas, USA (Marketing Strategy Course).[2] Graduate of the Kazakh National Pedagogical University Abay of the Faculty of Economics. He studied at Pepperdine University (USA) and the International University Vienna.

Business Interests[1][edit]

"CAPITAL HOLDING JSC" - Founder and shareholder[3]

Diversified Asset Holding Company, it owns 25 different companies, in different segments. Including mining exploration: gold, silver, zinc, commodity trading, telecom companies, production of beverages, commercial real-estate, hospitality, media.

"KAZTECH HOLDING JSC"- Founder and shareholder

Diversified Tech Holding - provides IT services to the corporate sector through its 12 subsidiary companies.

"TRANSTELECOM JSC"- Shareholder[3]

One of the largest communications providers in the Republic of Kazakhstan, specializes in the provision of a wide range of telecommunications services, as well as information and communication services.


In accordance with the decree of mayor of Astana on December 24, 2014, "On the distribution of responsibilities between the mayor of Astana city, his deputy and chief of staff," Deputy Mayor of Astana Nurali Aliyev is personally responsible for compliance with the adopted resolutions of city hall, decisions and orders of mayor of the laws of the Republic of Kazakhstan in communications, business, industry and agriculture, the implementation of the State program for accelerated industrial-innovative development of Kazakhstan for 2010-2014 (monitoring and control of the implementation of projects to ensure timely commissioning of facilities and the release of their design capacity, search and selection of projects for inclusion in the map of industrialization, the organization of the Regional Coordinating Council for accelerated industrial-innovative development of Astana).[4][5]




(MAYOR's Office - The Capital City Administration of Kazakhstan)

Deputy Mayor

Attracting investors in industrial and innovation spheres of Astana. Working on smart technologies and tourism development. Transport infrastructure modernization. Improving the competitiveness of the business environment in Astana by supporting entrepreneurship.

2013 - 2014 "TRANSTELECOM" JSC, Astana, Kazakhstan[3]

Chairman of the Board of Directors

Managing one of the largest communication operators of Kazakhstan, which specializes in the provision of telecommunications and information services. Negotiating with domestic and foreign partners. Attracting investors such as “Hewlett-Packard”, “Huawei”

2008 - 2013 "DEVELOPMENT BANK OF KAZAKHSTAN" JSC, Astana, Kazakhstan

Managing Director– Board member

Organization and coordination of the Bank cooperation with state bodies and private partners. Legal coverage of the Bank activity. Legal examination and support of projects. Legal support to compliance with risk management matters. Organization and coordination of work on providing security of the Bank and its activity.

2007 – 2010 "NURBANK" JSC, Almaty Kazakhstan

Chairman of the Board of Directors / First Deputy Chairman of the Board / Deputy Chairman-Corporate Credit Dep.

Managing one of the largest private banks in Kazakhstan, which provides a wide range of banking and other financial services to corporate clients, SMEs and individuals.

2006 – until present “CAPITAL HOLDING” GROUP OF COMPANIES, Almaty, Kazakhstan[3]

Chairman of the Board of Directors - Owner

Managing one of the largest private investors in real sector of economy of Kazakhstan.

2005 – 2006 “SUGAR CENTER” JSC, Kazakhstan


Managing the company, which was occupying more than 90% of the sugar domestic market in 2007 with a turnover within the country in 350-400 ths tons per year. The total turnover of the company in 2006 was 600 thousand tons of sugar. Also the “Sugar Center” was exporting the product to Russia (100 thousand tons.) and Central Asia (100-130 thousand tons.).

2004 - 2005 "SUGAR CENTER" JSC, Kazakhstan

Head of the International Department / Deputy Head of the International Department

Was responsible for all the international relations of the group, including trading of Sugar Cane at New York Board of Trade. The main objective was to fix the position on price of Sugar Cane commodity at NYBOT at good levels, to make the forecast of the market and to purchase the commodity with the transportation from South America to Kazakhstan.

2003 - 2004 "SUCDEN ET Denrees SA" Paris, France

Intern at the International Trading Department.

It is a company incorporated in France. The group's main activity is sugar trading, where the group ranks amongst the world leaders with a market share of around 20% of free market volumes. It was my first job and experience that I have received after my undergraduate studies.

Awards Received [1][edit]

2014 - "25th Year Anniversary Medal of Kazakhstan National Railway Company"

To the president of the company for achievements of the outstanding results of the subsidiary company JSC "TRANSTELECOM"

2015 - 25th Year Jubilee Medal of the Independence of the Republic of Kazakhstan

To the Deputy Mayor of the City of Astana, for outstanding achievements of City Administration in areas of Entrepreneurship support and Investment climate.

Membership in Other Organizations[1][edit]


Member of Coordination Council since 2015


Chairman of the Board of Trustees since 2016

Founder and organiser of the - "ASTANA Invest Forum" - the biggest investment forum in Kazakhstan. Created to attract foreign investment into the capital city of Astana and Kazakhstan.


Founder since 2016


Maecenas since 2013

Charity donator in supporting four "Ana uyi" (Mother`s Home) in various cities of Kazakhstan. "Ana uyi" is the local charity project aimed to prevent child abandonment and to reduce the number of orphans in Kazakhstan. [6]


Married, 4 children

Panama Papers[edit]

In April 2016, Aliyev was implicated in the Panama Papers.[7][8] He was confirmed as a listed PEP in October 2014 in an email to Mossack Fonseca.[9]

Quartz reported that Aliyev is one of the owners of 221B Baker Street properties, the properties mentioned in the Sherlock Holmes novels a total value of $130M, through a series of shell companies.[10]