Announcement from the Embassy of the Netherlands in Georgia and Armenia
The Embassy of the Kingdom of the Netherlands in Georgia and Armenia is proud to organize
a Seminar and a Matchmaking event for the interested Dutch IT companies in Yerevan on 2021 of June. The Event will be part of the annual Digitech Business Forum organized by the
Union of Information Technology Enterprises (UITE, http://uite.org/en,
http://digitec.am/en/events/business-forum). Objective of the Forum is to support the
creation of an innovative economy, and to present all available IT products and services.
More than hundred Armenian IT companies will be present, and about 3000 executives and
responsibles from private companies in different sectors, looking for IT solution will attend as
well. The forum is organized under the patronage of Prime Minister of Armenia.
The Digitech Business Forum provides an excellent opportunity for Dutch IT companies to get
in touch with Armenian counterparts and potential clients, and discuss possible future
cooperation.
The Embassy will cover event space and promotional material (brochure with the information
on participating companies). Dutch companies will be given an opportunity to make a short
presentation of their companies. Individual meetings can be organized upon request or in the
place as well.
In case of an interest in participation please email Maia Todria (maia.todria@minbuza.nl) or
Aart Murray (aart.murray@minbuza.nl) not later than 30 th of May.
Market information
ICT in Armenia is a large and rapidly expanding sector. ICT contributes to 1,7% of the
Armenian GDP, which is a bigger share than in India. In the last twelve years, the sector grew
on average 27% per annum. Moreover, new ICT companies are generating 20% of the annual
growth. Therefore, Armenia provides opportunities for the Dutch ICT sector.
The Embassy of the Netherlands in Georgia and Armenia has good contacts with the Armenian
IT-sector. The Armenian workforce is well-educated, and IT, engineering, physics and
mathematics have developed university programs. The costs of labour are low, and as a result
operating cost are low as well. Armenia was called ‘the Silicon Valley of the Soviet Union’, but
the current government sees ICT as a priority as well. Solid government support for the
development of and investments in the IT-sector is guaranteed. Armenia provides
opportunities for both outsourcing and expansion. Most Armenian companies are working with
software development, outsourcing, and IT services etc. There is an added value in
involvement of the innovative Dutch industry.
The Armenian ICT sector adds annually € 300 million to the national economy. In 2011 $
118,1 million of this was made by foreign companies. In 2011 there were 281 operating ICT
companies in Armenia, of which 107 had foreign origins. At the moment more than 400
companies are employing 10.000-12.000 people.