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Billionaire CHAROEN's ASSET World spent $ 475 million to build restaurants and shopping centers in Bangkok

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Asset World Corp. (AWC) controlled by Thai billionaire Charoen Sirivadhanabhakdi is investing in a comprehensive real estate in Chinatown, Bangkok's Chinatown to use the prosperity of the country's tourism industry.

The project is located in the historic WoEng Nakorn Kasem Yaowaraj area. It covers an area of ​​135,000 square meters and has a high -end shopping center, two luxury hotels, a modern Chinese museum and a community -centric cultural area.

Wallapa Traisorat, CEO and President of Asset World, said in a statement: “Woeng Nakorn Kasem is a region with important historical significance. Rich. “

AWC has broken the ground and started development. After the completion of 2029, the two restaurants will have more than 500 rooms. One of them is an intercontinental hotel with 300 rooms, located in a 10 -story tower with a 1,100 -square -meter banquet hall.

When Forbes Asia last July 2024, when the list of 50 richest people in Thailand was released in July 2024, CHAROEN's net assets were US $ 10 billion, and they were the third largest tycoon in the country. He is the controlling shareholder of Thai Beverage, which is a manufacturer of Chang Beer, Singapore listed beverage company and real estate developer Fraser & Neave. He also holds the rights of real estate and retail assets.

In October 2019, Zhengda Group listed the private real estate company asset World. The company is operated by his daughter Wallapa and has a hotel and shopping center in Thailand. Charoen's son Panote is responsible for managing the family's property rights and interests. It is currently responsible for managing the development project of Bangkok ONE. This is a comprehensive use development project worth $ 4 billion in the city center.

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