Türkiye and Azerbaijan should create a joint technology ecosystem to enhance competitiveness in the ICT sector, said Mehmet Ali Tombalak, Chairman of the Board of Directors of TÜBİSAD, as he addressed the Azerbaijan-Türkiye ICT Business Forum.

According to him, Türkiye’s ICT market is currently valued at $33 billion, with TÜBİSAD representing the vast majority of the sector. He further added that the goal is to double this size through collaboration with Azerbaijan.

Tombalak emphasized that Türkiye, together with other Turkic states, could serve a population of 161 million, offering significant strategic potential in the regional technology market. “This is of strategic importance for gaining a competitive edge in the technology sector,” he said.

Tombalak emphasized that by joining forces, Türkiye and Azerbaijan could create a shared technology ecosystem, boosting regional competitiveness. The forum discussions, he further added, could also pave the way for company mergers and a stronger regional technology structure, enabling both countries to better compete on the global stage.