PETALING JAYA: KK Supermart Group has inked a memorandum of understanding (MoU) with the government of the Samarkand region to jointly promote economic activities
This is in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s official visit to Uzbekistan.
The MoU was signed between KK Group founder and executive chairman Datuk Seri Dr K K Chai and the deputy governor of Samarkand Oybek Erkinovich Khodjaev, witnessed by Anwar and Uzbekistan’s deputy prime minister Jamshid Khodjaev.
Other guests at the ceremony included 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.
In a statement, KK Group’s executive chairman Chai said the MoU aims to strengthen the ties and collaborative spirit between the two countries and further enhance trade and investment activities. He noted that fostering an open and predictable business environment, along with the growth of international trade and investment, will bring mutual benefits to both parties.
The collaboration between KK Group and the Samarkand state government is also set to unlock a market brimming with potential for Malaysia, creating additional business opportunities and employment, he added.
Chai noted that foreign direct investment played a crucial role in driving trade, advancing technology, and spurring economic development.
“Such investments not only provide essential 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, leading to shared prosperity and sustainable development,” Chai added.
