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Thai mall builder plans 2 large complexes in Bangkok

Siam Piwat's $2.2bn investment to heat up busy market

The Iconsiam mall in Bangkok opened in November 2018. (Photo by Akira Kodaka)
The Iconsiam mall in Bangkok opened in November 2018. (Photo by Akira Kodaka)

BANGKOK -- Premium mall operator Siam Piwat has announced 70 billion baht ($2.2 billion) in investment to open two more large retail complexes in Bangkok by 2023, a move certain to fuel competition in an already crowded market.

CEO Chadatip Chutrakul revealed the project Tuesday as part of the company's five-year business plan.

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