Uzbekistan, Azericard Sign Moc For Joint Venture Capital Dev't
Date
12/1/2023 6:12:15 AM
(MENAFN- Trend News Agency) TASHKENT, Uzbekistan, December 1. Uzbekistan's
IT Park and Azerbaijan's Azericard processing center have signed a
Memorandum of Cooperation for the development of the startup
industry and the joint venture capital sector, Trend reports.
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.
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