UAE-based Binghalib Group plans to relocate part of its business to Uzbekistan

The Chief Executive Officer of the group, Mohammed Binghalib, met with a delegation from IT Park earlier this week. The sides discussed plans to open a new office in the country and to organize services for clients from the Middle East.

Company representatives noted the lower labor costs and the workforce's proficiency in foreign languages. In the next 3–5 years, the company plans to create more than 2,000 jobs in the country.

Binghalib also highlighted opportunities for investors as one of the reasons the company is choosing Uzbekistan. According to him, local business conditions offer more flexibility compared to special economic zones in the Middle East.

The IT Park delegation expressed its readiness to assist in the process of localization and business expansion for the Emirati company. The cooperation is expected to increase the share of digital exports to Middle Eastern markets.

Binghalib Group was founded in 1982 and operates in the field of manufacturing electrical products for industry and households. Currently, the holding includes 16 divisions involved in product development, production, installation, and maintenance of equipment. The product range includes communication devices, measuring and control equipment, smart home solutions, and more.