MBK plans lifestyle mall in Thailand’s Mae Sot to cash in on AEC

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.