Qaz Steppe Innovation Hub Opens in Dubai

Kazakh Ministry of Trade and Integration

The launch of the Qaz Steppe Innovation Hub took place on March 1st at the Trade House of Kazakhstan in Dubai, UAE.

Attending the opening ceremony, Arman Shakkaliev Kazakh Minister of Trade and Integration reported, “The Qaz Steppe Innovation Hub will help promote the Kazakh IT services sector to international markets, unite the interests of business sectors in Kazakhstan and the UAE, enable the development of mutually beneficial cooperation, and increase the competitiveness of our IT companies.”

To date, the new platform has already helped present 15 Kazakh start-up projects to the Middle East market and in 2023, the export of Kazakhstani IT services reached $500 million compared to $30 million in 2020. A goal to raise the export of IT services to $1 billion by 2026 has now been set by president of Kazakhstan

According to Timur Mauleshov, co-founder of Qaz Steppe Innovation Hub, entry to UAE and Middle East markets will further spur the development of export of high-tech solutions from Kazakhstan.

“The Qaz Steppe Innovation Hub will be a unique platform for the implementation of the ambitious task set by President Kassym-Jomart Tokayev to transform Kazakhstan into an IT country. Since 2021, locally based Kazakh start-ups have attracted investments worth over $1 billion. The technological boom that is happening in the UAE today opens up new prospects for our talented specialists and interesting start-ups.”

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Times of Central Asia