KK Mart Founder Joins Anwar's Official Visit To Uzbekistan To Expand Business
KK Supermart Group will also open a specialised store to promote Uzbekistan goods in Malaysia.
By Yap Wan Xiang — 20 May 2024, 05:07 PM
KK Supermart Group founder Datuk Seri Dr Chai Kee Kan was joined by Prime Minister Datuk Seri Anwar Ibrahim as he signed a memorandum of understanding (MoU) to expand his business to Uzbekistan
In a statement, Chai said the MoU will strengthen economic cooperation between the two countries, promoting trade and investment activities, reported Sin Chew Daily.
The signing of the MoU between Samarkand Deputy Governor Oybek Erkinovich Khodjaev and Chai, who is also KK Supermart Group executive chairman, was witnessed by Anwar and Uzbekistan's Deputy Prime Minister Jamshid Khodjaev.
The signing ceremony took place in conjunction with Anwar's official visit to Uzbekistan.
Also present at the signing ceremony were Foreign Affairs Minister Datuk Seri Mohamad Hasan, Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar, Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Aziz, Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing, and Malaysia External Trade Development Corp CEO Datuk Mohd Mustafa Abdul Aziz, reported The Star.
Under the MoU, KK Supermart Group will open branches in Uzbekistan, a country with significant historical and cultural ties to Islam
The convenience store company will introduce Malaysian products to the Uzbek market.
Meanwhile, in Malaysia, KK Supermart Group will open a specialised store to promote Uzbekistan goods, focusing on fruits and agricultural products, reported Sin Chew Daily.
Chai said, "An open and [stable] business environment, along with the growth of international trade and investment, will bring mutual benefits to both parties. The cooperation between KK Supermart Group and the Samarkand government will open up a new market full of potential, creating more business opportunities and jobs for Malaysia.
"Foreign direct investment plays a crucial role in driving trade, technological improvement, and economic development. These investments not only provide financial support for business activities but also introduce advanced management expertise and technological innovation, injecting vitality into economic growth.
"Ultimately, this will promote bilateral trade relations and economic cooperation, achieving shared prosperity and sustainable development," he added.
