Abu Dhabi fund ADFD invests $104m in Thailand tourist resorts – ArabianBusiness
- Date: 15-Jan-2022
- Source: Arabian Business
- Sector:Financial Markets
- Country:UAE
Abu Dhabi fund ADFD invests $104m in Thailand tourist resorts – ArabianBusiness
Abu Dhabi Fund for Development (ADFD) has announced a $104.8 million agreement with Minor International Public Company Limited (MINT) to jointly hold shares in five tourist resort assets in Thailand.
They include Anantara Riverside Bangkok Resort (above), Avani and Riverside Bangkok Hotel, Riverside Plaza Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui.
ADFD said it is its first investment in Thailand’s tourism and hospitality sector, which is key to the nation’s overall economy and contributes 20 percent of the country’s total GDP.
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