Kazakhstan and Uzbekistan’s combined IT exports surpass $800mn

By Tawney Kruger in Tashkent February 27, 2024

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.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan records 9.6% gain in tourist arrivals, welcomes 2.8mn visitors in 5M24

Uzbekistan welcomed 2.8mn foreign tourists from January to May, marking a 9.6% y/y increase, ... more

Uzbekistan's 5M24 foreign trade up 3% to $26.7bn, deficit stands at $5bn

Uzbekistan's foreign trade turnover reached $26.7bn in 5M24 on a 3.0% y/y expansion, the Statistics Agency of Uzbekistan has ... more

World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant

The World Bank plans to allocate $13.6mn to Kyrgyzstan as additional technical support funding for the construction of Kambarata Hydropower Plant 1 (Kambarata HPP 1) on Naryn river, ... more

Follow Us On

Most Read

  1. Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
    9 days ago
  2. Six out of nine “planetary boundaries” have been crossed and a tenth has appeared
    2 days ago
  3. How energy intensive are data centers?
    2 days ago
  4. Earth records hottest year since records began
    2 days ago
  5. Plants absorbing less carbon dioxide in 2023, accelerating global warming
    1 day ago
  1. Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
    9 days ago
  2. Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
    1 month ago
  3. Global access to energy starts to fall for the first time in a decade, says IEA
    25 days ago
  4. LONG READ: The war in Ukraine is inching towards a ceasefire as pressures mount
    19 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    3 months ago

Reports

Dismiss