The investment value of the two shopping malls is estimated at 7 billion baht each, compared with the 3-billion-baht price tag of the first Terminal 21 in Bangkok, LH chairman Anant Asavabhokin said without giving a time frame for development.
The new malls are part of the company's 20-billion-baht expansion plan over the next six years. Terminal 21 Korat is another project in the pipeline. LH said recently that it would begin developing the shopping mall in Nakhon Ratchasima province next year.
Mr Anant spoke of great potential in the retail business, particularly upcountry, but said LH would use caution next year while awaiting a clearer economic picture.
Apart from shopping malls, the company will turn its attention to hotels and property investments in Britain, he said.
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