Business opportunities in Central Asia: information technologies
Central Asia is a geographically growing region, especially in the field of information technologies. European companies interested in expanding into new markets can find a great business opportunity in Central Asia.
In the following blog article, you will find relevant information about the current state of the information technology market, the support offered by countries such as Uzbekistan and Kazakhstan, and other key figures.
Kazakhstan: leader in information technologies
Kazakhstan has positioned itself as the leader in information technology in Central Asia, thanks to its IT market growing at an annual rate of 25%. In addition, its strategic location makes it a key transit center between Europe and Asia, making it even more attractive for European companies interested in expanding into new markets. Kazakhstan has more than 1,500 IT companies and over 50,000 IT professionals, demonstrating the great potential this market has for companies looking to do business in Central Asia.
Kazakhstan offers a series of aids to foreign information technology companies, including tax and financial incentives. In addition, the government is working to improve the business climate and encourage innovation in the country. Kazakhstan also has a special visa program for foreign workers, making it easier to hire employees for companies looking to establish themselves in the country.
Uzbekistan: an emerging market
Uzbekistan is an emerging market in terms of information technology, with great potential due to its population of over 30 million people. The government is taking measures to encourage innovation and technological development in the country, making it an increasingly attractive place for European companies interested in expanding into Central Asia. Uzbekistan offers a great business opportunity in the information technology sector and is a market worth considering for those companies looking to expand their reach in the region.
Uzbekistan offers tax and financial incentives to foreign information technology companies that establish themselves in the country. In addition, the government is taking measures to encourage innovation and technological development in the country, making it an increasingly attractive place for European companies interested in expanding into Central Asia. To this end, it has implemented various technology parks, such as the IT technology park in Uzbekistan and the Chirchik technology park, among others.
- The IT market in Kazakhstan will grow at a compound annual rate of 25% until 2025.
- The IT market in Uzbekistan will grow at a compound annual rate of 17% until 2025.
- Kazakhstan has more than 1,500 IT companies and over 50,000 IT professionals.
- Uzbekistan has more than 1,000 IT companies and over 20,000 IT professionals.
If you are a European company interested in expanding into Central Asia and taking advantage of opportunities in the information technology sector, these countries may be a great option for you.
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