Thai malls to invest $2.8 bln to promote regional shopping hub
Reuters : Thai shopping mall developers plan to invest more than 103 billion baht ($2.83 billion) over the next three years to expand and open new stores as part of a drive to promote Thailand as a regional shopping hub, a private body said on Tuesday.
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By 2017, the 10-member shopping mall group of developers will have a combined shopping area of more than 14 million square metres, versus 12 million square metres now, said Wallaya, also senior executive of Central Pattana Pcl, Thailand's largest shopping mall developer.
The group represents 67 percent of Thailand's total market, which is expected to have 21 million square metres of shopping area by 2017 from 18 million now, she said.
http://www.reuters.com/article/2015/09/29/thailand-stores-expansion-idUSL3N11Z20220150929
