Tashkent, Uzbekistan (UzDaily.com) -- On 18 February 2021, the European-Uzbek Association for Economic Cooperation (EUROUZ), represented by Secretary General Oybek Shaykhov, and IT Park, represented by Director Farhod Ibragimov, signed a Memorandum of Cooperation. The ceremony was held within the framework of the visit of the IT Park delegation to the Kingdom of Belgium.

In recent years, Uzbekistan has significantly increased the export of IT sector services, which in 2021 reached 40 million US dollars. And now European companies are increasingly looking for new markets for outsourcing, both provided by them and received IT services, due to the consistent increase in the cost of these services from traditional partners, which are mainly the countries of Eastern Europe.

The parties came to an agreement on establishing cooperation in order to increase the efficiency of interaction between IT Park and IT incubators and innovation centers of European countries, through market research and the formation of a strategy for expanding access of IT Park residents to the markets of the European Union countries.

As part of the cooperation program, IT Park and EUROUZ developed a roadmap for interaction and identified the main areas of cooperation, which will be the search for new partners to offer BPO services from Uzbek companies, as well as the joint search and development of the most effective model for the exchange of experience between IT Park and European clusters that support the development of the IT industry.

IT Park Uzbekistan – is a facilitator in the field of IT of the Republic of Uzbekistan, the first Technological Park of software products and information technologies, which was created at the initiative of the President of the Republic of Uzbekistan on January 10, 2019. The main goal of the organization is the development of the IT sector of Uzbekistan, the creation of the necessary infrastructure, the reform of training systems for IT specialties, the launch of promising start-up projects, and the support of IT companies.

To date, the organization has opened more than 200 IT Centers and is implementing the creation of more than 200 IT Schools throughout the country. The number of Technopark resident companies is more than 500, and the number of branches and representative offices of IT Park in the country and abroad will reach 14 by the end of 2022.

The European-Uzbek Association for Economic Cooperation (EUROUZ) is a European chamber of commerce, the purpose of which is to promote the development and deepening of economic relations between Uzbekistan and the countries of the European Economic Community. Being an effective B2G and B2B platform for both European companies looking for new opportunities in Uzbekistan and companies from Uzbekistan looking for partners in Europe, the organization has been operating since 2018, putting deepening the level of communication and cooperation between the countries of the European Economic Community + Great Britain and Uzbekistan in as its main organizational goal. EUROUZ is a membership-based organization open to both European and Uzbek companies and the only chamber of commerce in the EU that purposefully supports Uzbekistan as a target market for European companies, while not being limited to working only in a single country of the European Region.