Aze.Media
Who we are
Donate
No Result
View All Result
  • Opinion
  • News
    • Economy
    • Energy
    • Ecology
  • Culture
  • Diaspora
  • Interview
  • Science
  • Logistics-Transport
  • Gender
  • History
  • Defense
  • Karabakh
  • Home page
  • Culture
  • Defense
  • Diaspora
  • Gender
  • History
  • Interview
  • Karabakh
  • Logistics-Transport
  • News
    • Ecology
    • Economy
    • Energy
  • Opinion
  • Science
No Result
View All Result
Aze.Media
Home Opinion

Stabilization through digitalization and normalization in Asia

Israel, in turn, is recognized in the region as the Start-Up Nation. Israeli companies are implementing projects for the digital transformation of agriculture and green energy in Central Asia.

Author: AzeMedia
March 28, 2021
in Opinion
Reading Time: 4 mins read
472580

THE FLAGS of the US, UAE, Israel and Bahrain are projected on the walls of Jerusalem’s Old City in September. (photo credit: YONATAN SINDEL/FLASH90)

The normalization agreement between Israel and the United Arab Emirates has kick-started tourism and a number of significant business arrangements and investments in a remarkably short period of time. But the opportunity is there for so much more beyond the borders of just these two countries. This new relationship has the potential for using the combined economic know-how and innovative mindset to work together by implementing large-scale development projects in the majority Muslim post-Soviet countries in Central Asia and Azerbaijan. The benefits for both Israel and the UAE, as well as the potential for these countries, could be enormous.

As a result of the dissolution of the Soviet Union, six of the largely secular moderate Muslim states with a total population of 65 million people were created on the territory of Eurasia: Azerbaijan, Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan.

Over the past 30 years, each of these countries has followed its own development path, and their economies without exception rely on the foundations established in the last century. These economic models – dependent on extraction of natural resources, agriculture and some tourism – have done little to improve the overall financial stability and economic well-being of much of the population. There is growing recognition among these regional leaders that this old way is no longer sustainable and that the key to prosperity is innovation and rapid digitalization of all spheres of life. The Israeli-UAE consortium could become a partner in the implementation of a large-scale project for the digitalization of the region.

The two countries have a say in the region. The UAE is not only a role model as a digital nation for Central Asia but also a traditional donor to the infrastructure and social projects in the region. The Abu Dhabi Fund for Development has already invested hundreds of millions of dollars in road construction, energy, healthcare and social projects in Azerbaijan, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives, recently launched its first educational program in Tajikistan for local youth. In Kazakhstan, with grants from the UAE, local women with many children are trained in sewing courses and receive equipment from donors to open their own small businesses.

Israel, in turn, is recognized in the region as the Start-Up Nation. Israeli companies are implementing projects for the digital transformation of agriculture and green energy in Central Asia. The Kazakh sovereign fund has invested in Israeli start-ups.

The region has already demonstrated its intention to become a part of the Israel-UAE Partnership. In January 2021, the Uzbek authorities announced that the country will invest $50 million in the Abraham Fund, established by the United States, the UAE and Israel as part of the Abraham Accords intending to bolster regional trade, enable strategic infrastructure projects and increase energy security.

HOWEVER, WE can offer the region much more. Together with the UAE, Israel can develop and implement a transition from a natural resource-based economy to a knowledge-driven economy.

Initially, this could begin with what the countries in the region can easily undertake: the creation of Israel-UAE hi-tech parks. Local governments are already making the relevant efforts: Uzbekistan has developed advanced legislation in the field of blockchain technologies and has a state program “The One Million Uzbek Coders.” Kazakhstan has invested heavily in Astana Hub. Tajikistan and Kyrgyzstan have become participants in the World Bank’s Digital CASA program, creating data centers and providing fast Internet access.

But it is specifically the Israel-UAE consortium – possessing both the necessary expertise and finances – that is able to systematize these efforts and build an IT industry in the region that would be integrated into the global ecosystem.

There is a colossal intellectual potential of the youth in these countries. Educating hundreds of thousands of local young people, starting with basic coding, creating remote jobs for them in the global industry, can completely change the socioeconomic situation in the region. The experience of other post-Soviet countries, like Belarus and Ukraine, demonstrates that local IT industries create jobs with average wages exceeding $2,000. With average regional income of $300-$400, the new industry can create a “new local middle class”.

Each IT job, according to the global statistics, creates an additional five jobs in non-related sectors: drivers, waiters, construction builders and more. Employment for millions can result from these investments. Importantly, this new employment model can prevent brain drain, encourage talented young people to see a future in their own country, and eventually create the formation of new elites in these countries, with rule of law and private property protection a natural part of their DNA.

The new digital economy of Central Asia and Azerbaijan will assist resolving the issues related to the inclusiveness of economic development. It will allow the residents of remote areas to find work, eliminate gender inequality, and contribute to the integration of ethnic minorities. And the sustainable, inclusive development of the region will prevent its possible Islamic radicalization and a reiteration of the worst consequences of the Arab Spring.

A targeted program of digitalization development in Central Asia and Azerbaijan in cooperation with international financial institutions like the World Bank and EBRD would conceivably yield significant returns for both the UAE and Israel. Perhaps even more importantly, it shows what these two important nations and this landmark relationship can mean for global stability.

By Anatoly Motkin

The Jerusalem Post

Share8Tweet5SendShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

The-leaders-of-Armenia-and-Azerbaijan-meet-with-EU-President-Charles-Michel-in-Brussels-on-May-22.-president.az_
Opinion

EU mediates conflict in South Caucasus, long part of Russia’s geopolitical orbit

June 24, 2022
56-3
Opinion

Baku’s “East Caspian” strategy: The unseen side of Ilham Aliyev’s visit to Uzbekistan

June 22, 2022
Bildschirmfoto 2022-06-21 um 08.49.18
Opinion

Full throttle: Australia’s advantages alongside Azerbaijan

June 21, 2022
Armenian Opposition Rally
Opinion

The Fall of the Tent Empire – Where has the Armenian “revolution” gone?

June 20, 2022
21_162_image1
Opinion

Israel, Armenia and Presbyterians

June 18, 2022
77210d7f-507c-3931-9d21-d973689de7c3
Opinion

Sneaky and bellicose Armenians – In the wake of an attack in Paris

June 17, 2022
fe93b66b-64f0-307c-858e-1fe58273e720_850
Opinion

Baku between Davos and Munich: Our contribution to global security

June 17, 2022
0bebc3c92cf85310d8ceefec2038efda
Energy

Investment triumph on the banks of the Thames: Baku and London stake on “green” energy

June 17, 2022

New articles

Energy

DEWA, Azerbaijan discuss bilateral relations in energy sector, business opportunities

June 25, 2022
Opinion

EU mediates conflict in South Caucasus, long part of Russia’s geopolitical orbit

June 24, 2022
Covid-19

EU-funded Solidarity for Health Initiative presents its results

June 24, 2022
Economy

Black Sea Trade and Development Bank announces net profit of 43.9 million Euro for 2021

June 24, 2022
Gender

Women in diplomacy: a centuries-old practice in Azerbaijan

June 24, 2022
News

Russian FM: OSCE Minsk Group ceased operations

June 24, 2022
Energy

BP paid the Azeri government $10.59bn in production entitlements and other fees last year.

June 24, 2022
News

Peace agreement proposal left unanswered by Armenia: Aliyev

June 24, 2022
News

Lavrov offers Azerbaijan to relaunch bilateral cooperation formats suspended during coronavirus pandemic

June 24, 2022
Science

Lotfi Zadeh – a man that changed the world: Azerbaijani roots of revolutionary “fuzzy logic”

June 24, 2022
c24a7d34-02d2-45a2-95ad-980aa8264ad5
426082d1-a9e4-4ac5-95d4-4e84024eb314
ab65ed96-2f4a-4220-91ac-f70a6daaf659
96e40a2b-5fed-4332-83c6-60e4a89fd4d0
759bde00-a375-4fa1-bedc-f8e9580ceeca
aze-media-logo-ag

Aze.Media offers an independent and strategic insight on socio-cultural, political and economic life in Azerbaijan. We are thinkers of diverse disciplines spread across countries working together as one team to provide international audiences with an alternative point of view on Azerbaijani and foreign realities.

Email: editor@aze.media


© 2021 Aze Media International Platform for Alternative Thought.

No Result
View All Result
  • News
  • Economy
  • Ecology
  • Energy
  • Opinion
  • Culture
  • Gender
  • Interview
  • Science
  • Logistics-Transport
  • History
  • Defense
  • Karabakh
  • Diaspora
  • Who we are

© 2021 Aze Media International Platform for Alternative Thought.