Kazakhstan is set to promote its domestic IT solutions and startups to world markets. This endeavor will be facilitated through an innovation hub planned to be established by Kazakhstan in Saudi Arabia. Furthermore, the hub will support the relocation and expansion of businesses led by talented entrepreneurs in Arab states by providing initial investments from venture funds, along with incubation and acceleration programs. The official signing of the protocol for the opening of a joint innovation hub took place during the sixth meeting of the Kazakhstan-Saudi Arabia intergovernmental commission in Riyadh.
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