Deal tied up on new wellness centre
Thai Medical Groups Co (TMG), a manufacturer of medical gloves, has teamed up with a Chinese state enterprise to build a wellness centre in Bangkok targeting wealthy people who are eager to keep fit and healthy.
The company signed a memorandum of understanding (MoU) with Aviation Industry Corporation of China International Project Engineering (AVICINTL) to jointly develop La Torre Medical Wellness Centre on Rama III Road.
The MoU is in line with AVIC-INTL’s plan to expand its medical business into Southeast Asia, said Boon Vanasin, founder and chairman of TMG.
Medical services are among a variety of businesses operated and overseen by AVIC-INTL. Others include aviation, automobiles and logistics as well as infrastructure development and financial services.
TMG and AVIC-INTL did not unveil the value of the investment in the new wellness centre project but they believe it has the potential to grow, thanks to its prime location and the most suitable customer target group.
The project will be developed into a “world-class wellness centre with holistic healthcare services”, said Dr Boon.
La Torre Medical Wellness Center is to be located in a 54-storey building by the Chao Phraya River opposite Bang Krachao in Samut Prakan. Bang Krachao is known as Bangkok’s “Green Lung” due to its leafy surroundings.
Medical and wellness tourism is among the 12 targeted S-curve industries promoted by the government. The Eastern Economic Corridor (EEC), which covers parts of Chon Buri, Rayong and Chachoengsao, will host all 12 industries.
The EEC also aims to promote renewable energy and green technologies.
According to Dr Boon, AVIC-INTL is also interested in developing projects in alternative and sustainable energy as well as infrastructure industries in Southeast Asia.
Last year, TMG announced it had joined hands with Laos-based Dao-Heuang Group, which runs 17 duty-free shops in Laos, under a US$500-million investment budget to renovate existing duty-free shops or develop new ones to serve foreign tourists, especially Chinese shoppers travelling from southern China via the high-speed rail link.