AlHijjah 15, 1436, September 29, 2015, SPA -- The Thai Shopping Centres Association (TSCA) will invest 2.8 billion dollars to turn Thailand into a regional shopping destination, the group said on Tuesday. The TSCA will invest in developing retail space and lifestyle malls with the idea that it will make Thailand into a major regional shopping destination, the group's President Wallada Chirativat told reporters. The money will be invested over the next three years and aimed at Russian, Chinese and Vietnamese shoppers. According to Wallada, the combined members of the TSCA make up 67 per cent of Thailand's total retail market. Tourism accounts for 12 per cent of Thailand's GDP. Last year tourism generated 46 billion dollars in revenue for the country. However, prolonged political protests, a military coup and political violence has impacted revenue over the past several years.
