Kazakhstan’s IT services export surpasses $470 million
According to Kazakhstan’s Minister of Digital Development, Innovation and Aerospace Industry, Zhaslan Madiyev, during the first 9 months of 2024, IT export of Kazakhstan amounted to $471 million, 26% more than for the same period of 2023. The goal is to reach $1 billion in 2026.
Astana Hub plays a major role in promoting Kazakhstan’s IT exports. The number of Astana Hub residents has exceeded 1.5 thousand companies, including 400 international companies. Their total revenue totalled 620 billion tenge in 2024. At the same time, export revenue totalled 227 billion tenge, or $479 million.
The minister added that today Kazakhstan has created favorable conditions for attracting large international IT companies and foreign IT specialists.
To attract foreign IT specialists, the so-called Digital Nomads, new Digital Nomad Visa and Digital Nomad Residency programs have been launched. These are simplified online procedures for obtaining residence permits. Today, there are already 20 regional IT Hubs operating in Kazakhstan.
Since 2021, more than 114 thousand IT specialists have been trained in Kazakhstan, including more than 33 thousand in 2024 alone.
Additionally, Kazakhstan is creating an international network of IT hubs. They already exist in the USA, Saudi Arabia, Singapore, and the UK. Kazakhstani startups have foreign infrastructure to attract investment and export.
Kazakhstan’s IT services export has seen remarkable growth in recent years, surpassing $470 million, a significant milestone that highlights the country’s burgeoning technology sector. This growth is not just a number; it reflects the increasing global demand for IT services and the capabilities of Kazakhstan’s tech professionals.
The rise in Kazakhstan’s IT services export can be attributed to several factors. First, the government has implemented various initiatives to foster a favorable environment for tech startups and IT companies. These initiatives include tax incentives, grants, and the establishment of technology parks that provide resources and support for emerging businesses. As a result, many local companies have been able to scale their operations and reach international markets.
Moreover, Kazakhstan’s strategic location at the crossroads of Europe and Asia makes it an attractive hub for IT services. This geographical advantage allows local companies to cater to a diverse clientele, including businesses in neighboring countries and beyond. The country’s investment in digital infrastructure has also played a crucial role in enhancing the quality and reliability of IT services offered.
Another significant aspect contributing to the growth of Kazakhstan’s IT services export is the increasing number of skilled professionals entering the tech workforce. Universities and educational institutions are focusing on STEM (Science, Technology, Engineering, and Mathematics) education, producing graduates who are well-equipped to meet the demands of the IT industry. Additionally, many professionals are gaining international experience, further enhancing the quality of services provided.
As the global economy continues to digitize, the demand for IT services is expected to rise. Kazakhstan’s IT services export is well-positioned to capitalize on this trend, with companies increasingly offering services such as software development, IT consulting, and cybersecurity solutions. The future looks promising for Kazakhstan’s tech sector, and with continued support from the government and the private sector, the country is set to become a key player in the global IT services market.
In conclusion, Kazakhstan’s IT services export exceeding $470 million is a testament to the country’s potential in the technology sector. With ongoing investments in education, infrastructure, and supportive policies, Kazakhstan is poised for even greater success in the global IT landscape.
