BANGKOK, Sept. 24, 2014 /PRNewswire/ -- Siam Piwat Co., Ltd., the owner and operator of prestige retail developments in Thailand, such as Siam Paragon and Siam Center, as well as the joint venture partner of ICONSIAM, the US$1.54 billion landmark Bangkok riverside development, today, unveiled a 5-year strategy that aims to consolidate its position as a 'thought-leader' in the rapidly evolving retail development sector through a programme of investments in projects worth US$1.7 billion.
Mrs. Chadatip Chutrakul, Chief Executive Officer of Siam Piwat Co., Ltd., said: "The retail development sector in Thailand is going through a period of exceptional growth with a record amount of new investments announced by various companies in the last 12 months.
"Thought-leadership drives Siam Piwat's success. Underpinning our future growth is our focus on offering in our projects novel concepts, as well as new retail and lifestyle ideas that are the first in Thailand, and some even also in the world. In line with this strategy, we also aim to be a partner of choice to retailers and investors, and to double our revenues in five years," she said.
According to Mrs. Chutrakul, Siam Piwat will do five things to be a thought-leader in retail and property development.
Siam Piwat has a long heritage of pioneering new concepts which are commercially very successful and bring positive recognition for Thailand. It created the first modern shopping mall in Thailand, the first five-star hotel in Thailand, the first mixed-use complex in Thailand, and, with the creation of Siam Paragon, delivered a world-class retail phenomenon in luxury shopping and recreation that is a must-visit destination for tourists coming to Bangkok. Many stores of top international and local brands at Siam Center and Siam Paragon regularly register the highest sales per store among their stores in Thailand and the region.
Siam Piwat: S.Niyomsen +662-658-1000 ext2260
Bangkok Public Relations: P.Kwantientong +662-664-9500 ext115