BAKU, Azerbaijan, April 2. The ICT sector in
Azerbaijan is the fastest growing non-oil sector in terms of
revenue, Head of the EBRD in the country Nataly Mouravidze said
during the closing ceremony of the IT Hub Azerbaijan project,
Trend
reports.

“I’m delighted the IT Hub Azerbaijan project is addressing one
of the most well-known issues: talent development. This initiative
has the potential to promote inclusive regional economic
development, technological advancement, and worldwide
competitiveness. It also promotes innovation, creates jobs, and
establishes Azerbaijan as a key player in the digital economy.

I am proud that the project not only assists Azerbaijan’s IT
sector and promotes innovation in the country, but it also
contributes to the development of rural areas and regions, thereby
reducing digital inequality between regions and cities.
Azerbaijan’s ICT business is the fastest-growing non-oil sector in
terms of income, and the number of customers is rapidly
increasing,” she added.

To note, the project IT Hub: Attracting Foreign Direct
Investments in Azerbaijan’s Information and Communication Sector
(IT Hub Azerbaijan) is being carried out in collaboration with the
Center for Analysis and Coordination of the IV Industrial
Revolution (C4IR) under the Azerbaijani Ministry of Economy,
StrategEast Company, and the EBRD. It aims to promote the
development of ICT in Azerbaijan by training and employing
qualified professionals.

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