KT&G has signed a KRW2.2 trillion (US$1.8 billion) contract with Dubai-based consumer giant Alokozay International, granting Alokozay the right to sell its cigarettes in the Middle East and the Commonwealth of Independent States (CIS).

The contract will run for seven years and four months till June 30, 2027.

This is KT&G’s second global collaboration this year following the supply deal signed with Philip Morris International in January to export KT&G’s e-cigarettes globally for the next three years.  

KT&G said that the deal with Alokozay “cleared uncertainties in major overseas markets, which have stalled over the past two years due to an unstable situation in the Middle East and soaring foreign exchange rates” as the company steps up its efforts in overseas markets with the goal of joining the ranks of the global “big four” companies by 2025.