Tashkent, Uzbekistan (UzDaily.uz) — The electrical engineering holding company from the UAE, Binghalib Group, is considering relocating part of its business to Uzbekistan. This was announced by the press service of IT Park.
In a meeting with the IT Park delegation held earlier this week, the head of the group, Mohammed Binghalib, discussed plans to open a new office and provide services to clients from the Middle East.
Key factors in favor of Uzbekistan, as mentioned by the company’s representatives, include the relatively low cost of labor and its high level of qualification, especially in foreign languages.
Over the next 3–5 years, Binghalib Group intends to create more than 2,000 jobs in Uzbekistan.
Among other reasons for choosing Uzbekistan, Mohammed Binghalib highlighted the attractive conditions for foreign investors and the greater flexibility of the business environment compared to the special economic zones in the Middle East.
IT Park expressed its readiness to provide comprehensive support during the localization and expansion of the company’s business.
It is expected that cooperation with Binghalib Group will contribute to increasing Uzbekistan’s digital exports to Middle Eastern markets.
