IT-Park Uzbekistan logo
  • Open a Company
  • Become a Resident
  • Events
  • Success Stories
  • Our Team
  • News
  • Contact us

Why Uzbekistan?

Country OverviewPolitical & Economic StabilityGovernment SupportTalented workforceBusiness EnvironmentInfrastructureIT Park Statistics

Explore Opportunities

Set up an IT Outsourcing & BPO businessBenefits for FDI and Site-SelectorsScale program for local companiesFor service-oriented companiesOpen a CompanyBecome a ResidentIT VisaLocal2GlobalZero Risk ProgramBonus SystemVenture Capital
EventsSuccess StoriesOur TeamNewsComplianceContact usUzbekistan 360
Privacy policyStay connected
IT Park© 2024 IT Park
YouTubeLinkedInFacebookInstagram

    IT Park Engages in Talks with Binghalib Group to Support Business Relocation

    A delegation from IT Park convened negotiations with Binghalib Group, led by its CEO, Mohammed Binghalib. During the meeting with this UAE-based company, renowned for its expertise in electrical engineering, manufacturing, and trade, discussions focused on the establishment of an office in Uzbekistan and the relocation of a substantial portion of its business operations to the country.

     

     

    Why is this important?

     

    Established in 1982, Binghalib Group is a leading global provider of electrical engineering solutions, boasting an annual revenue of approximately $55.3 million and employing over 140 personnel. The company represents the interests of prominent OEM brands worldwide and has been actively expanding into sectors such as two-way wireless communication, building automation, and industrial automation.

     

     

    Binghalib Group serves a significant number of clients in the UAE, where the high cost of labor presents a considerable challenge. In this regard, Uzbekistan, with its more affordable and skilled workforce, emerges as an attractive destination for business relocation.

     

     

    Binghalib Group representatives highlighted Uzbekistan’s linguistic advantages, noting that the country’s youth demonstrate exceptional aptitude in acquiring foreign languages and achieving fluency. This capability enhances the prospects of developing a workforce with advanced English proficiency, a critical factor in serving clients in the MENA region.

     

    One of the company’s strategic plans involves creating over 2,000 jobs in Uzbekistan over three to five years. This expansion would enable Binghalib Group to bolster its presence in global markets, particularly in the MENA region.

     

    IT Park’s Support and Business Advantages

     

    During the discussions, IT Park representatives underscored Uzbekistan’s favorable business environment. IT Park members benefit from exclusive support programs, including streamlined processes for startups and foreign investors. Unlike many countries in the MENA region, where bureaucratic hurdles persist even within Special Economic Zones (SEZs), Uzbekistan offers significantly more flexible conditions for conducting business.

     

    It was further noted that non-member companies of IT Park may encounter longer timelines for banking transactions, including international fund transfers and other financial operations, which require additional procedures and time. In contrast, IT Park members benefit from a specialized infrastructure and simplified systems enabling expedited transaction processes. These features highlight the pivotal role of IT Park’s Ease of Doing Business initiative, which enhances Uzbekistan’s appeal to foreign companies.

     

    Furthermore, Binghalib Group representatives acknowledged the advantages of state support and unique opportunities available to foreign investors in Uzbekistan. Mohammed Binghalib emphasized that the comprehensive preferences extended by Uzbekistan are unparalleled in the MENA region, even within jurisdictions with numerous SEZs. These conditions position Uzbekistan as an attractive destination for enterprises seeking to reduce operational costs, improve service quality, and access a pool of highly qualified personnel.

     

    Prospects and Strategic Steps

     

    The interest expressed by Binghalib Group underscores the effectiveness of Uzbekistan’s measures to establish itself as a global IT hub and to expand its export capabilities within the MENA region. IT Park reaffirmed its readiness to provide all necessary support for the seamless localization and growth of Binghalib Group’s operations in Uzbekistan. This partnership represents a pivotal milestone in strengthening Uzbekistan’s IT-enabled services (ITeS) ecosystem and fostering the development of the nation’s IT sector. It contributes to job creation and the improvement of economic conditions.

    Latest news

    18 July 2025

    IMC strengthens KPO operations in Uzbekistan

    17 July 2025

    Startups without borders: INMerge Uzbekistan Innovation Summit held at IT Park

    16 July 2025

    IT Park Uzbekistan and Berlitz strengthen cooperation in talent development

    16 July 2025

    Uzbekistan – Qatar: A new stage of digital cooperation

    View all
    eventImage
    16 July 2025

    IT Park Uzbekistan and Berlitz strengthen cooperation in talent development

    IT Park Uzbekistan hosted a follow-up meeting between Makhliyo Muksinova, Services Export Development Director at IT Park, and Mr. Wilson Go, President of Berlitz Philippines. The meeting served as a continuation of the dialogue initiated by Abdulakhad Kuchkarov, CEO of IT Park Uzbekistan, and Fortuna Joy de Lara, CEO of Berlitz Philippines and Berlitz Uzbekistan.

    eventImage
    10 July 2025

    IT Park Uzbekistan strengthens cooperation with member companies and supports business scaling

    Representatives of IT Park Uzbekistan held a series of working meetings with member companies — E-LINE PRESS, LEGALMAX CENTRAL ASIA, FINANCIAL CHAIN CORPORATION, and IONE — during which the prospects for further business development, the implementation of new projects, and projected volumes of export services were thoroughly discussed.

    eventImage
    18 July 2025

    IMC strengthens KPO operations in Uzbekistan

    Representatives of IT Park Uzbekistan, led by Jahongir Kagirov, Head of the IT and Services Export Department, held a meeting with the delegation of the international medical clinic Israel Medical Center (IMC), which included the company’s Director, Yaron Goikhman, and Development Director, Elena Goikhman. The parties discussed the opening of new IMC offices, the company’s regional expansion strategy, and prospects for cooperation with local organizations.

    eventImage
    17 July 2025

    Startups without borders: INMerge Uzbekistan Innovation Summit held at IT Park

    For the first time, Tashkent hosted the INMerge Uzbekistan Innovation Summit — a landmark event that served as a key convergence point for leaders in innovation, startup ecosystems, and venture investment. Organized by IT Park Uzbekistan and PASHA Holding, with support from the Fintech Association of Uzbekistan, the summit brought together key regional players to exchange insights and build new cross-border connections. Once again, it reaffirmed Uzbekistan’s role as a reliable partner and driver of large-scale innovation across Central Asia, the Caucasus, and the Middle East.

    eventImage
    16 July 2025

    Uzbekistan – Qatar: A new stage of digital cooperation

    The Ambassador Extraordinary and Plenipotentiary of the State of Qatar to the Republic of Uzbekistan, Hassan bin Hamza Hashim, paid an official visit to the Ministry of Digital Technologies. During the visit, the Ambassador was presented with a detailed overview of IT Park's operations, its ecosystem, and strategic initiatives. The delegation was also introduced to the activities of the UZINFOCOM center.

    eventImage
    15 July 2025

    Korean company Novatech explores opportunities to establish a service center in Uzbekistan

    Representatives of IT Park Uzbekistan, led by Jahongir Kagirov, Head of the Service Export Development Department, held a meeting with representatives of the South Korean company Novatech, headed by CEO Song Dong Seok. The discussions focused on the potential establishment of a service center in Uzbekistan, the recruitment of qualified personnel, and prospects for long-term cooperation.

    eventImage
    15 July 2025

    Uzbekistan Tech & Outsourcing Conference - Paris

    We are delighted to invite you to the Uzbekistan Tech & Outsourcing Conference — a dedicated event designed to connect French and European businesses with Uzbekistan’s fast-growing IT and outsourcing ecosystem. Join us in Paris to discover unique opportunities for cost efficiency, market diversification, and strategic expansion — all from a new and dynamic outsourcing destination in Central Asia.

    eventImage
    11 July 2025

    Audiotele and Telecontact: Fergana Emerging as a Hub for IT Employment Growth

    The Minister of Digital Technologies and the CEO of IT Park got acquainted with the operations of IT Park member companies — Audiotele and Telecontact in Fergana.

    eventImage
    10 July 2025

    Instructions issued to ensure quality construction and expedite the development of the IT Park Fergana complex

    Minister of Digital Technologies Sherzod Shermatov visited the construction site of the IT Park Farg‘ona complex, currently under development in the city of Fergana, Fergana Region.

    eventImage
    09 July 2025

    A modern IT infrastructure is taking shape in Fergana: IT Park branch under construction in “Yangi Oʻzbekiston” residential area

    As part of his visit to Fergana Region, Minister of Digital Technologies Sherzod Shermatov reviewed the construction process of an IT Park branch in the city of Fergana, located within the “Yangi Oʻzbekiston” (Eco-City) residential area.