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    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

    29 July 2025

    AI with an Uzbek accent: the journey of Asad Usmonov from Surkhandarya to a U.S. startup

    28 July 2025

    EcoSmart explores the possibility of establishing an office in Uzbekistan

    26 July 2025

    GBSF 2025 outcomes: Uzbekistan strengthens its status as an IT hub

    25 July 2025

    Japanese MSOL plans to open an office in Uzbekistan

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    26 July 2025

    GBSF 2025 outcomes: Uzbekistan strengthens its status as an IT hub

    Tashkent hosted the Global Business Services Forum 2025 (GBSF 2025), one of the most prominent events of the year in the field of IT outsourcing and digital services. Organized by IT Park Uzbekistan with the support of the Ministry of Digital Technologies, the event convened approximately 450 participants representing 260 companies, including 237 international companies from 40 countries. Among the attendees were representatives of multinational corporations, startups, government agencies, and venture capital funds.

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    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.

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    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.

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    29 July 2025

    AI with an Uzbek accent: the journey of Asad Usmonov from Surkhandarya to a U.S. startup

    The journey of Asad Usmonov, currently serving as Lead Engineer at the U.S.-based AI startup Numeo, began in Surkhandarya, where he started programming at the age of 14—sparked by a YouTube interview with Akmal Kadyrov that left a lasting impression. Today, he is contributing to the development of voice AI technologies that are reshaping business process automation. IT Park Uzbekistan spoke with Asad about his sources of inspiration, the challenges he has faced, and his future plans.

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    28 July 2025

    EcoSmart explores the possibility of establishing an office in Uzbekistan

    Representatives of IT Park Uzbekistan, led by Azizbek Yusupov, Head of the MENA Region, held a meeting with Abdussalam Arakkal, Co-founder of EcoSmart. During the discussions, the parties explored the prospect of opening a back office in Uzbekistan and forming a team of developers focused on exporting IT services to the Gulf countries.

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    25 July 2025

    Japanese MSOL plans to open an office in Uzbekistan

    Minister of Digital Technologies Sherzod Shermatov and Services Export Development Director Makhliyo Muksinova held a meeting with Kosei Sakamoto, CEO of MSOL Digital. The parties discussed the prospects of launching operations in Uzbekistan and further expansion into the CIS market through the country.

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    25 July 2025

    Singapore-based VSaaS Global Consulting expresses interest in establishing an office in Uzbekistan

    Representatives of IT Park Uzbekistan, led by CEO Abdulakhad Kuchkarov, held a meeting with Ghanshyam Ahuja, CEO of Singaporean company VSaaS Global and Co-Founder of the investment platform Thinkuvate Venture. During the meeting, the parties discussed plans to establish a local team in Uzbekistan to support VSaaS Global projects, as well as opportunities for the Singaporean side to participate in IT Park Ventures' investment initiatives.

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    25 July 2025

    Uzbekistan’s startups to access global markets through cooperation with GSA

    Representatives of IT Park Uzbekistan, led by CEO Abdulakhad Kuchkarov, held a meeting with Kim Balle, Founder of Global Startup Awards (GSA) and X.O. Group. During the meeting, the parties signed a memorandum of cooperation and discussed the possibility of hosting international and regional startup award ceremonies in Uzbekistan, as well as promoting Uzbek projects through the GSA’s global network.

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    25 July 2025

    Minister of Digital Technologies held a meeting with the Ambassador of South Korea

    Minister of Digital Technologies Sherzod Shermatov held a meeting with Won Do Yeon, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to Uzbekistan.

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    25 July 2025

    Uzinfocom enters the European market with the support of IT Park

    Representatives of IT Park Uzbekistan, led by Elyor Maksudov, Director for Startup and Investment Development, held a meeting with a delegation from Uzinfocom headed by Bakhtiyor Rizaev, Director of Business Development. During the meeting, the parties discussed strengthening cooperation in the field of IT outsourcing and promoting Uzbek IT companies in the international market, as well as the preparation of a joint export event in Latvia.