• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12790.43
    • RUB162.6
    • EUR14486.44
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +32°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Technology

    Uzbekistan's IT services exports skyrocket to $344mn in 2023

    Uzbekistan's IT services exports skyrocket to $344mn in 2023

    Uzbekistan's burgeoning IT industry has witnessed a surge in exports, reaching an impressive $344mn in 2023, marking a substantial leap from $140mn in 2022, Daryo correspondent reported. The exponential growth underscores Uzbekistan's emergence as a prominent player in the global digital landscape.

    Photo: Sherzod Shermatov, the Minister of Digital Technologies
    Source: Sherzod Shermatov / LinkedIn

     

    As per Sherzod Shermatov, the Minister of Digital Technologies, this achievement can be attributed to a concerted effort to create a conducive environment for foreign companies to thrive within the country. Minister Shermatov emphasized that Uzbekistan is not coercing companies but rather attracting them through favorable conditions, resulting in an influx of foreign investments.

    “In the last 2 years alone, if we compare 2023 with 2021, the number of companies with foreign capital has increased 20 times. Exports increased 7.5 times, which is not for nothing, because Uzbekistan has become a good, attractive place for foreign companies to come. We are not forcing anyone, they are coming to Uzbekistan from other places,” Sherzod Shermatov shared. 

    The minister highlighted the pivotal role of tax incentives provided to IT companies by the government, coupled with robust infrastructure development and concerted efforts in talent acquisition and training. He emphasized the holistic approach taken by Uzbekistan's government, focusing on creating a comprehensive ecosystem to support the growth of the IT sector.

    Photo: : Favorable conditions drive Uzbekistan's IT export success
    Source: Daryo

     

    Significantly, the United States emerged as a major destination for Uzbekistan's IT exports, with services worth $150mn being exported to the U.S. alone in 2023. Minister Shermatov revealed that over half of Uzbekistan's total exports to America are in the IT sector, positioning the nation as a significant contributor to the US digital economy.

    “In 2022, 63% of total exports to the U.S. were IT-related services. Due to this, Uzbekistan's exports to the USA increased from the 20th country to the 15th country level, precisely because of the increase in the exports of our industry there. That is, we have an opportunity to reach a developed country far away from us through our IT export, and we can increase [this],” Shermatov noted.

    Shermatov also underscored the role of outsourced companies like EPAM System in driving IT service exports, stressing the need for greater engagement from such entities. During official visits to Dubai and New York, proposals were extended to several companies, aiming to further enhance collaboration and investment opportunities.

    Moreover, the minister highlighted ongoing efforts to diversify export offerings, particularly in IT solutions production and Business Process Outsourcing (BPO), which are expected to generate additional employment opportunities and bolster the industry's growth trajectory.

    Uzbekistan’s Digital Talent at Web Summit in Qatar

    Uzbekistan made its debut in the Middle East tech scene by participating in the renowned Web Summit held in Qatar, signifying a significant step towards expanding its digital footprint globally. Rustam Karimjonov, the deputy minister of Digital Technologies, led a delegation of around 50 individuals from Uzbekistan to the event, which attracted over 15,000 attendees including startups, venture capitalists, and tech enthusiasts. In an interview with Daryo's correspondent, Karimjonov emphasized the potential for strengthening ties between Uzbekistan and Qatar through collaborative efforts in digital innovation.

    Highlighting Uzbekistan's active participation, Karimjonov mentioned the presence of 10 startups from the country, with IMAN making it to the prestigious PITCH finals, underscoring the nation's burgeoning entrepreneurial spirit. He also revealed plans for several Uzbek startups to establish offices in Qatar, emphasizing the mutual benefits of leveraging Uzbekistan's digitally skilled workforce for outsourcing opportunities in Qatar.

    Addressing gender disparities in the tech industry, Karimjonov emphasized Uzbekistan's commitment to promoting women's participation in ICT, acknowledging the need for societal mindset shifts and highlighting the potential for women to achieve financial independence through digital skills.

    Karimjonov also discussed infrastructure challenges hindering Uzbekistan's IT sector growth, particularly the need for stable electricity and internet access beyond the capital city. He underscored the importance of addressing these issues, especially for outsourcing companies reliant on stable energy resources.

    IT Park 2024: Achievements & Vision

    In January 2024, the Ministry of Digital Technologies of Uzbekistan hosted the "IT Park 2024: Achievements & Vision" event, unveiling the outcomes of 2023 and outlining plans for the future. With a focus on expanding the IT sector, President Shavkat Mirziyoyev aims for Uzbekistan to achieve a $5bn export volume of IT services by 2030.

    In 2023, the number of IT Park residents soared to 1,652, generating $1bn in revenue, with exports reaching $344mn. The workforce surpassed 26,000 individuals, primarily concentrated in Tashkent. Despite this, there's growing interest in the IT sector among youth in regions, evident in the rising number of educational institutions and students.

    The influx of foreign companies to IT Park, which rose to 426, indicates global interest in Uzbekistan's IT market. However, a portion of operations remains centered in Tashkent, hindering economic growth in other regions. To address this, IT Park aims to bolster regional presence and promote job creation beyond the capital.

    Exports of IT Park residents surged to $344mn in 2023, with a focus on the USA, UK, EU, CIS, Asia-Pacific, and MENA regions. Various programs, including "Zero Risk" and "Local2Global," are introduced to support foreign and local companies in entering new markets.

    Furthermore, IT Park undergoes restructuring to enhance its support for local companies and attract foreign investments. Tax incentives are extended for export-oriented companies, and the International Digital Technology Center is to be established to provide a conducive environment for digital innovation.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    16.03.2024, 16:00   Comments (0)   3648
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    75 companies secure IT Park resident status in January 2024 

    18.02.2024, 11:00

    Uzbekistan welcomes new IT Park branch in Navoi

    07.03.2024, 22:32

    40+ foreign companies join IT Park Uzbekistan in 2024

    13.03.2024, 16:57

    Uzbekistan showcases digital ambitions at Web Summit Qatar: vision for future collaboration 

    14.03.2024, 16:43

    Starlink mobile communications achieves 17 mbit/s speeds - SpaceX

    10.03.2024, 21:25

    Uzbekistan boosts tech sector through expanded collaboration with Dell Technologies 

    09.03.2024, 16:00
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Pakistan moves to restore Ambassador role as ties with Afghanistan improve

    Afghanistan | 2 June, 14:40

    Kazakhstan’s PM and UN Deputy Secretary-General discuss cooperation on SDGs and climate resilience

    Kazakhstan | 2 June, 12:38

    Uzbekistan and Turkey to fully digitize transport permits by 2026

    Uzbekistan | 2 June, 11:43

    Uzbekistan receives first 2025 shipment of Hepatitis C drugs from Egypt

    Uzbekistan | 2 June, 10:30

    Uzbekistan’s annual inflation falls to 8.7% despite sharp monthly price rise

    Uzbekistan | 2 June, 09:30

    Uzbekistan, Kazakhstan customs officials meet at Gisht Kuprik to streamline border operations

    Uzbekistan | 1 June, 16:03

    Uzbekistan launches youth campaign 'Land of Talents' with mass events in Tashkent

    Uzbekistan | 1 June, 13:31

    Uzbekistan finalizes WTO accession talks with UK

    Uzbekistan | 1 June, 11:00

    Kazakhstan weighs China’s $5.47bn nuclear offer over Russia’s costlier bid

    Kazakhstan | 31 May, 15:45
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.