Azerbaijan, Baku /corr. Trend A.Bdalova / A model of IT market development envisaging the provision of opportunities to foreign companies in Azerbaijan to produce and export software, will be developed, Azerbaijan's Minister of Communications & Information Technologies, Ali Abbasov said on 21 November.
The Government of Azerbaijan intends to create a Regional Innovation Zone to activate the IT market. As a result of successful implementation of the project, IT profits will make up $4bln.
According to the Minister, a pack of proposals have been devised and submitted to the Government for the establishment of a Regional Innovation Zone.
"A draft law is expected to be submitted to Parliament by the end of the year. If the draft law is approved by Parliament, large companies will be able to establish businesses in Azerbaijan through special conditions for IT development from the second half of 2008," Abbasov said.