EXIM Thailand Supports Singha Estate Plc. to Develop Maldives First Integrated Tourism Megaproject

Stocks and Financial Services Press Releases Wednesday March 14, 2018 09:16
Bangkok--14 Mar--EXIM BANK

Mr. Pisit Serewiwattana, President of Export-Import Bank of Thailand, Mr. Naris Cheyklin, Chief Executive Officer, Singha Estate Public Company Limited, and Mr. Thiti Thongbenjamas, Chief Operating Officer-CROSSROADS, Maldives, Singha Estate Public Company Limited, recently signed a loan agreement whereby EXIM Thailand provided a credit facility worth 120 million US dollars to finance the company's CROSSROADS Project, a megaproject consisting of an integrated tourism complex and resort in Maldives, at EXIM Thailand's Head Office. In the first phase, 3 resorts with one township, yacht marina, duty-free shops, beach club, retail outlets, restaurants and related facilities for convention and exhibition venues will be developed.

This financial facility to Singha Estate Public Company Limited aims to support the establishment of a large-scale fully-integrated real estate development project operated by high-potential Thai entrepreneurs in Maldives, the world's leading tourist destination. By combining tourism promotion with economic development, the project helps enhance trade, investment and services in response to the expansion of tourism, convention activities and local township, bringing about economic progress and sustainable development in the region. This is in line with EXIM Thailand's strategic plans to increase the Bank's role as a development bank for the promotion of international trade and investment as well as Thailand's high-potential businesses.

For further information, please contact Corporate Communication Division, Secretary and Corporate Communication
Tel. 0 2271 3700, 0 2278 0047, 0 2617 2111 ext. 1141, 1144

Latest Press Release

Fitch Affirms Standard Chartered Bank (Thai) at #A-#; Outlook Stable

Fitch Ratings has affirmed Standard Chartered Bank (Thai) Public Company Limited's (SCBT) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A-' with a Stable Outlook. At the same time, the agency has affirmed SCBT's National...

Photo Release: KBank recognized as having the highest corporate brand value in the banking business category 2nd consecutive year

At Sukree Kaewcharoen Auditorium, the Stock Exchange of Thailand (SET), Ms. Kattiya Indaravijaya, KBank President, recently represented KBank to receive the "Thailand's Top Corporate Brand Values 2018" award in the banking business category from...

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงานในเกาหลี เปิดโอกาสให้แรงงาน 1.5 ล้านคนได้ใช้เงินดิจิทัล

MicroBitcoin Open Source Community เซ็นสัญญากับสมาพันธ์แรงงาน Korea Association of Care Workers (KACW) เพื่อนำสกุลเงินดิจิทัล MicroBitcoin มาใช้ สัญญานี้ลงนามร่วมกันสามฝ่าย ได้แก่ MicroBitcoin Open Source Community, KACW และ Bluequotient...

MicroBitcoin Open Source Community Signs an Exclusive Contract with the Korea Association of Care Workers (KACW) to Expand its Usability to One and a Half Million Users

The MicroBitcoin Open Source Community has signed a contract with Korea Association of Care Workers (KACW) to adapt the MicroBitcoin blockchain network protocol. The trilateral contract was made between the MicroBitcoin Open Source Community, the Korea...

WICE establishes a joint-venture, EUROASIA TOTAL LOGISTICS, with its holding 40% of shares to provide cross-border transport services between China, Hong Kong

WICE establishes a joint-venture, "EUROASIA TOTAL LOGISTICS", with its holding 40% of shares to provide cross-border transport services between China, Hong Kong, and South East Asia with the expectation to achieve the first year's revenue at 200 million...

Related Topics