Mr. Wang Guiyuan, the President of Shang Man (maybe wrong names) Group Co. Ltd, and his company executives visited Tri Akaradecha, the Governor of Phuket, on 15 October to discuss about ways to invest in Phuket.
The company had set 10,000 million baht of budget to invest in hotel and property projects in Phuket and Chiang Mai. After finishing discussion with the Governor of Phuket, they would fly to Chiang Mai to see the possibility of investing in the northern province.
In Phuket, Mr.Wang said that after their information survey, the company saw the possibility to invest in 2-3 hotel and property projects in Phuket since the island had potential in these two business. Moreover, the company already had a management background in hotel and property projects in China.
Meanwhile, the Governor of Phuket said that Phuket welcomed investors both from Thailand and other countries. The infrastructure projects, especially the light rail project from the airport to city, were ones that the province would like support in investment since there would more be more tourists coming to Phuket due to the expanding international airport and convention centre. Now there were two Chinese companies proposing to invest in the light rail project.