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Thailand: King Power Group upbeat over duty-free business prospects.
(From Thai Press Reports)
Section: Corporate News - King Power Group has completed Bt16 billion worth of projects - duty- and tax-free shops at Suvarnabhumi Airport and a new duty-free complex downtown - in high hopes of doing Bt10 billion in business in their first year of operation, The Nation reports.
"All the shops are ready for the airport's grand opening [on September 28]," Vichai said.
The company won a concession from Airports of Thailand Plc (AOT) to operate duty-free and tax-free shops as well as commercial spaces at the new airport, and to run a downtown shop.
"We re-ceived these concessions for 10 years of operations," he said. …
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