Digital Technology Ministry in Uzbekistan Organizes Outsourcing Conference in Dubai

The Digital Know-how Ministry of the Republic of Uzbekistan, in collaboration with the IT PARK, held the Uzbekistan Outsourcing Convention yesterday on the Dubai Worldwide Monetary Heart (DIFC). The convention witnessed the participation of over 100 main specialists and enterprise group members.

Attending the convention have been key figures such because the Minister of Digital Know-how in Uzbekistan, Sherzod Shermatov, the Uzbek Ambassador in Abu Dhabi, Abdulaziz Akulov, the CEO of the Know-how Consortium, Farhad Ibrahimagamov, and the CEO of the Innovation Heart on the Dubai Worldwide Monetary Heart, Mohammed Al Bulooshi. Moreover, representatives from main data expertise firms, enterprise course of outsourcing corporations, venture funds, and buyers have been current.

Throughout his speech on the convention, Minister Sherzod Shermatov said, “As we speak, we maintain one of many vital occasions geared toward sustaining the expansion of data expertise capabilities in Uzbekistan. We purpose to remodel our nation into a worldwide hub for outsourcing within the data expertise sector, offering engaging circumstances for international firms.”

The minister emphasised that organizing the convention in Dubai is a step in the direction of establishing shut relations with the worldwide data expertise group. He highlighted that in 2023, 41 entities from the Know-how Consortium in Uzbekistan exported data expertise companies and digital merchandise to the United Arab Emirates, totaling $19.7 million.

The first aim of the occasion was not solely to extend these numbers but in addition to showcase Uzbekistan’s potential within the data expertise sector and improve its presence as a brand new outsourcing middle. The favorable circumstances within the nation, comparable to tax incentives, help packages, expertise availability, certified workforce, and superior infrastructure, have been all thought-about.

Minister Sherzod Shermatov affirmed Uzbekistan’s dedication to establishing an Worldwide Heart for Digital Know-how Establishments, offering a singular atmosphere for world enterprise operations by means of Uzbekistan. The middle will embrace organizational testing environments, strict safety of mental property and private information, and complete authorities and banking companies. The nation will even provide vital help in labor laws, customs, taxes, and dispute decision for international firms.

Throughout the convention, varied firms working within the Know-how Consortium in Uzbekistan and different corporations shared their experiences and introduced revolutionary options within the data expertise sector. They aimed to construct enterprise partnerships with counterparts in Dubai and the UAE. Some UAE firms additionally showcased their experiences in conducting enterprise in Uzbekistan and mentioned prospects for cooperation and funding there.

Representatives from the Know-how Consortium in Uzbekistan highlighted initiatives and supportive alternatives for the outsourcing sector, together with exemptions from company taxes and value-added tax. They introduced packages comparable to “Zero Danger” for international data expertise firms and enterprise course of outsourcing firms curious about coming into the Uzbek market.

It’s value noting that Uzbekistan’s best asset is its human capital, with almost two-thirds of the inhabitants being youth below 30 years outdated, possessing excessive ranges of schooling and international language proficiency. Over 30,000 college students graduate yearly from 65 universities in fields associated to data expertise.

The Uzbekistan Outsourcing Convention in Dubai is taken into account a strategic occasion geared toward enhancing Uzbekistan’s place in using exterior sources for world data expertise. On account of the convention, greater than 15 firms are anticipated to open consultant workplaces in Uzbekistan, with an anticipated whole export worth of $10 million within the first 12 months and $50 million inside three years. That is anticipated to create at the very least 500 new job alternatives within the first 12 months and at the very least 2,000 job alternatives inside three years for native data expertise specialists.

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