As of November 2023, IT Park Uzbekistan has evolved into a dynamic hub for technology and innovation, hosting over 1,600 resident companies, IT Park's press service reports. The article explores the demographic composition, economic contributions, and growth strategies of IT Park residents, showcasing its pivotal role in positioning Uzbekistan as a key player in the global IT landscape.
Key Points:
- Resident Demographics: IT Park hosts 1,598 residents, including 411 companies with foreign capital from various countries.
- Export Surge: The number of export-oriented companies has surged 1.9 times to 550, with total exports reaching $280mn in the first 11 months of 2023.
- Tax Incentives: Resident status offers substantial tax benefits, attracting major global companies.
- Global Expansion: IT Park residents contribute significantly to Uzbekistan's economy, diversifying their export destinations and service distribution.
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- Job Creation: By November 2023, resident companies employed 6,125 people, showing a 34% increase from 2022, emphasizing the sector's role in job growth.
- Growth Initiatives: New programs launched in 2023, including One Stop Shop, Zero Risk, Local2Global, and Global Excellence, aim to attract new IT companies, support residents, and enhance Uzbekistan's brand as an emerging outsourcing market.
In 2022, the majority of IT service exports, constituting 78%, were destined for the United States. However, the present allocation has undergone a shift:
- North America: 43%
- EU and the United Kingdom: 37%
- Singapore: 6%
- Gulf Countries: 4%
- Other countries: 10%
Analyzing the breakdown of service distribution, in 2022, more than half of IT service exports were linked to Business Process Outsourcing (BPO). The current breakdown is as follows:
- Software Development: 42%
- BPO: 20%
- Licensing: 15%
- Technical Support and Enhancement: 14%
- Game Development: 9%
Earlier Daryo reported that the ICT Week expo, backed by the Ministry of Digital Technologies of Uzbekistan, unfolded on October 25 in the capital. The IT Education Association spearheaded the exhibition. The primary objective of ICT Week was to provide a platform for showcasing the achievements of modern technologies and innovations. It encompasses a series of events, including summits, forums, business meetings, job fairs, and more.
In recent years, Uzbekistan has also witnessed significant growth in the IT sector, marked by a surge in the number of companies from 147 in 2017 to 1600, and a tenfold increase in jobs, exceeding 24,000. Industry exports, reaching $600,000 in 2017, are projected to surpass $300mn by year-end. The country has climbed 18 positions in the UN e-government ranking in 2022, securing the 69th spot. Ambitious plans are in place to enter the top 30 by 2030.
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