Tashkent, Uzbekistan (UzDaily.com) -- The retail trade chain of Kazakhstan Magnum Cash&Carry intends to open branches in Tashkent. This was announced by the chairman of the board of the company Azamat Osmanov during a meeting with the khokim of Tashkent Jakhongir Artykhodjaev.

Khokim of Tashkent Jakhongir Artykhodjaev met with a group of entrepreneurs from Kazakhstan. The parties discussed the implementation of promising investment projects, mutually beneficial projects in industry, construction, medicine, landscape design and tourism.

Azamat Osmanov noted that the Magnum Cash&Carry network plans to open branches in the capital of Uzbekistan. He noted that the company plans to invest in Tashkent and is looking for reliable developers.

According to him, the volume of investments for each location will be from $ 5 million if we are talking about a large format.

He stressed that the company is investing in a shopping center or an asset of the owner. The head of Magnum Cash&Carry stressed that the company plans to open up to 6 locations in 2021.