Central Group Plans ฿20bn Overseas Investment to Raise Its Flagship as Top Retailer

Central Group, Thailand’s top retailer, had made a statement on Monday, saying that the company planned to invest over 20 billion baht for various projects in Vienna (Austria), Osaka (Japan), and Turin (Italy).

The major project from this investment would be in Vienna which included a 58,000-square-meters luxury mixed-use project, including a hotel, restaurants and shops.

As for the investment in Osaka, Central Group planned to invest in 515-room hotel while re-launching its department store in Turin.

Chief Executive Tos Chirathivat said in the statement that the company continues to embark on its strategy of global tourism trend by developing high quality projects of its own in major tourist cities.