Minister Ali Abbasov: ‘IT sector incomes will reach 10% in Azerbaijan in the coming 10 years’

Minister Ali Abbasov: ‘IT sector incomes will reach 10% in Azerbaijan in the coming 10 years’
# 29 March 2013 14:16 (UTC +04:00)

‘It is planned to realize a number of new projects within this year. One of them is Fiber at Home project, which is implemented under financial support of SOFAZ. The project is estimated at $500 mln and SOFAZ has already allocated $132 mln. The three-year project is considered to be high-income: ‘starting from the second year, 30-355 of total cost will be financed at the cost of reinvestments. The main purpose of the project is to ensure the territory of the entire country, including rural settlements with 10-100 Mbits / second speed high-speed Internet and raise the number of broadband Internet users up to 85%. This will allow Azerbaijan enter the list of world’s developed countries’, said Abbasov.

‘Besides, one more international project initiated by Azerbaijan is expected to develop in the near future. TASIM project envisages the creation of major transit link from Frankfurt to Hong Kong. Azerbaijan has practice in such international initiatives. Huge telecommunication companies of future consortium partners – Azerbaijan, Kazakhstan, China, Russia and Turkey are already preparing for realization of this project and of course, this project will let Azerbaijan be the main information center of the Caspian littoral region’, added the Minister.

Abbasov also mentioned that the important goal of the recently approved the “Azerbaijan 2020: Look into the future” Development Concept is to double the GDP of the country in the next 8-10 years: ‘This will be achieved at the cost of the non-oil sector, including the ICT industry. But this purpose demands 4-4.5 increase in the ICT market in the aforesaid period. For comparison, if the 2011 profit in the ICT sector was $1.7 billion, by 2020, this figure should be increased to $8 billion. For this purpose, it is planned to invest 3.6 billion dollars through the state line. Comparable amount of investment should be provided by the private sector, including foreign investors. International organizations are rather optimistic about the prospects for the development of the ICT sector in Azerbaijan. According to their forecasts, continuance of sector reforms and, in particular, creation of preferential treatment for potential investors in 2025 will bring the level of income in the ICT field to 10% of GDP’.

1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED