MBK plans lifestyle mall in Thailand’s Mae Sot to cash in on AEC
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MBK Plc, the SET-listed operator of MBK shopping centre in Bangkok, is negotiating with local partners to co-develop a lifestyle shopping complex in Tak province to attract Myanmar shoppers.
The 20,000-square-metre project will be used as a prototype to develop other malls in border towns to cash in on opportunities arising from the ASEAN Economic Community (AEC), which is set to kick off late this year.
Sakchai Kengkijkosol, managing director for retail operations, said MBK would start constructing the project in the border town of Mae Sot once the government had a clear policy on infrastructure development in response to the AEC.
Questions & Answers
Q.Which specific province is MBK considering for its new shopping complex?
Which specific province is MBK considering for its new shopping complex?
MBK is negotiating with local partners to develop a lifestyle shopping complex in Tak province. This project is intended to attract shoppers from Myanmar and will serve as a prototype for future border mall developments.
Q.What is the planned size of the new shopping complex in Mae Sot?
What is the planned size of the new shopping complex in Mae Sot?
The new lifestyle shopping complex in Mae Sot is planned to be 20,000 square metres. It is intended to be a prototype for developing other malls in border towns to benefit from the ASEAN Economic Community.
Q.When does MBK expect to begin construction on the Mae Sot project?
When does MBK expect to begin construction on the Mae Sot project?
MBK plans to start construction on the Mae Sot project once the government provides a clear policy regarding infrastructure development. This policy is expected in response to the upcoming ASEAN Economic Community initiatives.
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