Another hypermarket of Kazakhstan's Magnum Cash&Carry chain will open in Uzbekistan

By the end of the year, the second hypermarket of Kazakhstan's Magnum Cash & Carry chain will open in Uzbekistan. This was announced by the Minister of Trade and Investment of Kazakhstan Serik Zhumangarin at the Uzbekistan-Kazakhstan business forum.

The minister also said that over the past 17 years direct foreign investment from Uzbekistan to Kazakhstan has reached almost $23 million.

"From 2005 to the second quarter of 2022, the gross inflow of foreign direct investment from Uzbekistan to Kazakhstan amounted to almost $23 million, while Kazakhstan's investment in the economy of Uzbekistan during the same period amounted to $560 million," he said.