IT Park Uzbekistan brings startups to the markets of Saudi Arabia and Oman

The delegation of IT Park Uzbekistan, led by General Director Abdulkhad Kuchkarov, visited Saudi Arabia and the Sultanate of Oman. During the visit, meetings were held with government bodies and leading technology companies interested in localizing their services in Uzbekistan, launching joint projects, and supporting startups.

During the visit, representatives of IT Park Uzbekistan held meetings with several key companies and organizations:

— Elm Company — joint projects to develop the startup ecosystem, export of IT services, and the possibility of registering Elm as a resident of IT Park Uzbekistan were discussed, which will allow the company to operate in the Uzbek market and interact with local startups.

— RAM Systems — the opening of representative offices in Uzbekistan, including the cities of Margilan and Kokand, was planned. Obtaining the status of a resident of IT Park Uzbekistan will provide access to tax benefits, infrastructure, and support in recruiting personnel.

— Saudi Technology Ventures — opportunities for cooperation with regional venture funds, establishing contacts with Saudi Venture Capital, and support from IT Park Uzbekistan in attracting investors were discussed.

— Xpence — the company plans to create an export-oriented model of operations in Uzbekistan, expand its local team, and promote the country as a regional center for FinTech services.

— Sadq Solutions — prospects for entering the Central Asian market, creating a team of developers and LegalTech specialists for international clients were discussed.

— NEOM — negotiations were held on joint acceleration programs, experience exchange, and the implementation of advanced technologies between NEOM startups and residents of IT Park Uzbekistan.

Special attention was paid to investment cooperation and the expansion of IT services exports to the Middle Eastern market. Opportunities for opening representative offices of foreign companies in Uzbekistan, participation in acceleration programs, and the development of the startup ecosystem were discussed.

The parties agreed on joint initiatives in the field of digital technologies, creative industries, and FinTech, as well as on exchanging experience between residents of IT Park Uzbekistan and international partners. Cooperation with leading technology companies and regional venture funds will provide access to strategic partners and investments, while the opening of representative offices of foreign companies in Uzbekistan strengthens the country's status as a regional IT hub, creates new jobs, and stimulates the growth of the digital economy.

Source: IT Park Uzbekistan