The Mall Group and AEG are joining forces with the shared vision of revolutionizing the country’s business, retail and entertainment centres, placing Bangkok and Thailand at the forefront of world retail innovation, entertainment events, Meetings, Incentives, Conferences and Exhibitions (MICE) and new lifestyle experiences.
Supaluck Umpujh, Chairwoman of The Mall Group said that the company’s mission and goal is to elevate Bangkok and Thailand to the leading Retail and Entertainment Hub in Asia. Following the company’s success in developing multiple World-Class Shopping and Entertainment Complexes, including Siam Paragon - The World-Class Retail & Entertainment Phenomenon, The Emporium, The EmQuartier and the Upcoming EmSphere - the Luxury & Lifestyle Retail and Entertainment District at the Epicenter of Sukhumvit, The Mall Group is now ready to create new Mega Projects. This will lead the way to even greater success in what it sees as a bold and pioneering step into a new era for retail and entertainment experiences.
Adam Wilkes, President and Chief Executive Officer, AEG Asia, said that Southeast Asia is going through a transformation. As incomes rise and spending power increases, consumers in the region are demanding more sophisticated entertainment experiences. In The Mall Group, we have not only found an outstanding partner but also an innovative company that is led by an insightful and forward-thinking leader, Khun Supaluck. The company shares our vision for creating best-in-class destination experiences and our partnership will bring unique entertainment districts to the city that will redefine and revolutionize Bangkok's leisure and entertainment scene. We are thankful to have a long-term partner that shares our vision and goals. These two significant developments will be a game-changer, giving Bangkok and Thailand the opportunity to become the most important Retail and Entertainment Hub in Southeast Asia.
The partnership, which marks AEG’s first major investment in Southeast Asia, expands the company’s proven entertainment district model across the region and demonstrates its strong commitment to Bangkok and Thailand. The announcement also furthers The Mall Group’s goal to continue expanding beyond traditional retail experiences and lead the trend into more immersive lifestyle and entertainment-focused destination experiences. Over the last decade, Bangkok and Thailand have seen rapid urbanization and changing consumption trends, and today is a market with great potential, driven by an expanding middle-class with growing spending power and demand for premium experiences. Bangkok and Thailand have also been named the world’s most-visited tourism destinations, welcoming more than 38 million international travellers in 2017, with that number expected to reach 42 million international travellers in 2018.
The two premium arenas will enable Bangkok to host large-scale events, offering local and international audiences, and tourists from around the globe, more entertainment choices and greatly enhanced live experiences, further positioning the city as a premier entertainment destination in Southeast Asia.