Business news from Ukraine

Business news from Ukraine

Uzbekistan creates tax-free zone for large artificial intelligence projects

The international news portal Euronews has published an article about Uzbekistan’s large-scale program aimed at developing artificial intelligence infrastructure and data centers. The article emphasizes that the country offers significant tax breaks, access to cheap electricity, and support for renewable energy projects, hoping to attract more than €85 million in foreign investment in the first phase.

Euronews pays particular attention to the choice of Karakalpakstan as a key location. The region is seen as a promising center for large AI projects due to its energy advantages, cool climate, and availability of free land resources. Journalists note that the new projects will use energy-efficient and low-water cooling systems that meet the environmental conditions of the region, which has been affected by the drying up of the Aral Sea.

According to the Ministry of Digital Technologies and Research and the UNDP, the ongoing modernization of fiber optic and telecommunications infrastructure is increasing the country’s digital potential and making it attractive to major players in the industry. According to the publication, the Uzbek government is counting on an influx of investment in the artificial intelligence sector, the creation of high-tech jobs, and the development of related industries, from logistics to engineering services.

Euronews also notes that the selection of projects will be based on their export potential, focus on green energy, and plans for training local personnel. The potential of Karakalpakstan as a future hub for the export of computing power and cloud services to countries in the region is highlighted separately.

According to the portal, the initiative is integrated into Uzbekistan’s broader strategy to create a full-fledged artificial intelligence ecosystem by 2030. The plan envisages attracting more than €860 million in investments, opening new AI laboratories, forming technology clusters, and launching more than 100 AI-based projects, including solutions based on renewable energy sources. By 2030, the country intends to increase its IT services exports to €4.3 billion and strengthen its position in the global technology market.

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