
Uzbekistan, Azericard Sign Moc For Joint Venture Capital Dev't
The document was signed by Deputy Director of Uzbekistan's IT Park Fayzulla Aripzhanov and Director of Azericard Farid Guliyev.
Uzbekistan's IT Park said in a statement that the parties agreed to mutually support startups in scaling up in the markets of the two countries. The memorandum also stipulates cooperation in the fin-tech sector.
Meanwhile, speaking at the InMerge Innovation Summit in Baku, Minister for Development of Information Technologies and Communications of Uzbekistan Sherzod Shermatov said that Uzbekistan sees ICT as a driving force for its post-economic growth.
"Uzbekistan has been actively working to create favorable conditions for IT companies since 2017. The country features an innovative environment known as IT Park, where businesses can become residents and be tax-exempt. IT workers also pay lower taxes than workers in other industries," he added.
According to the minister, Uzbekistan has set a goal of increasing the number of IT specialists by 2030.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research

- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment