New #development for Bangkok riverside

Chao Phraya River in Bangkok is set to get a THB35 billion (US$1.12 billion) development set on 40 rai of land. The project will feature retail facilities and a residential condominium.

#Siam Piwat, owner and operator of Siam Paragon, Siam Center and Siam Discovery, #Magnolia Quality Development and CP Group will work together on the largest commercial development ever undertaken by the private sector in Thailand according to Pattaya Mail.

Chadatip Chutrakul, CEO of Siam Piwat Co., Ltd believes the land next to Chao Phraya River is one of the best locations in Bangkok.

Tipaporn Chearavanont, CEO, Magnolia Quality Development Corporation Ltd claims the site will enhance the environment and surrounding communities. Discussions were already underway with the Bangkok Metropolitan Authority (BMA) on preserving the natural beauty of the surroundings.

The project is expected to create 350,000 jobs during the next four years.

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