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Thailand Industry – NCPO Lukewarm to AoT’s Urban Proposal

By on Sep 11, 2014 in Property News, Retail

The multibillion-baht scheme proposed by Airports of Thailand Plc (AoT) to turn parts of its airports into urban centres has met with a tepid response from the National Council for Peace and Order (NCPO).  The junta regards the project, known as Airport City, as a real estate development venture that may distract AoT from its core mission of running airports.

The concept behind AoT’s proposed Airport City project is not new but modelled on those at Hong Kong airport, South Korea’s Incheon airport and Kuala Lumpur International Airport 2 with its Gateway complex.  But there seems to be a certain degree of distrust regarding the former AoT executives who proposed the Airport City venture, as they are perceived to be linked to the ousted Yingluck Shinawatra government.

The scheme is aimed at encouraging passengers to spend more time and money at airports by presenting them with a range of non-airport services, lifestyle choices and retail options.

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