Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023.
The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major contributor to the 10-fold growth. Exports from its residents amounted to $630.9mn over five years, including $315mn in 2023 alone. The hub's companies, accounting for around 60% of the Kazakh IT market, were responsible for $145.2mn of Kazakhstan's $247mn in IT exports in 1H23.
Kazakhstani IT companies export services to 86 countries, with the US, Russia and Ireland top buyers. In 2023, 205 companies hosted at Astana Hub exported products including software development, e-commerce, data science and game development items.
In Uzbekistan, IT Park residents' exports amounted to $344mn in 2023, marking a 2.4-fold increase from the previous year. By the end of 2023, IT Park hosted 1,652 resident companies, mainly serving customers in the US, UK, EU and CIS countries.
Kazakhstan's IT sector development includes initiatives such as partnerships with Google for Startups and Draper University.
Uzbekistan has promoted its IT sector through IT Park, using acceleration programs and the Silkroad Innovation Hub.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Articles
Iran pushes farm-trade pivot to EEU as US blockade squeezes Gulf ports
The Islamic Republic of Iran wants to widen agricultural trade and joint investment with Eurasian Economic Union (EEU) states, a deputy agriculture minister told the bloc's farm-policy council ... more
Eurasian Development Bank receives first-time Ag credit rating from CCXAP
The Eurasian Development Bank (EDB) has received a first-time long-term credit rating of 'Ag' from Hong Kong-based China Chengxin Credit Ratings Company (CCXAP), with a stable ... more
OPEC+ completes voluntary cut rollback with September hike
OPEC+ agreed on August 2 to raise output by around 188,000 barrels per day (bpd) from September, completing the unwinding of voluntary cuts first agreed in 2023. The decision, taken at a virtual ... more