Uzbekistan Showcases Digital Transformation Strategy At St. Petersburg Forum

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 5. Uzbekistan presented its digital transformation strategy at the St. Petersburg International Economic Forum, highlighting measures aimed at attracting foreign technology companies and advancing the development of artificial intelligence, Trend reports, citing the ministry.

The country's approach was outlined by Minister of Digital Technologies Sherzod Shermatov during the international panel session entitled“Digital Future: Common Development Vectors, Challenges and Solutions,” which brought together ministers and senior officials from Russia, Tajikistan, Turkmenistan, Belarus, Kyrgyzstan, Kuwait, and the International Telecommunication Union (ITU).

The discussion focused on digital transformation, artificial intelligence technologies, and prospects for regional cooperation amid rapid technological change and the growing significance of the digital economy.

In his remarks, Shermatov highlighted Uzbekistan's efforts to create a favorable environment for IT businesses through incentives available to residents of the country's IT Park. He noted that IT Park companies are exempt from corporate income tax and invited foreign technology firms to establish operations in Uzbekistan.

The minister also emphasized the country's expanding talent pool and its commitment to training specialists in accordance with the requirements of international businesses.

According to Shermatov, only four companies with foreign capital were registered in Uzbekistan's IT Park in 2017, whereas today more than 70 new foreign companies begin operations in the country each month.

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