Fico invests Bt4.1billion to deepen its push into metals, minerals and real estate, acquiring two hotels in the United Kingdom, and soon launching five luxury real estate projects in Sukhumvit and Silom

     Bangkok - Thailand - 28 April 2015 Fico Corporation has unveiled an Bt 4.1-billion investment programme to expand its local and overseas portfolios in 2015 through its new operations including a newly formed metals and minerals firm and a media and entertainment group. This year Fico focuses on boosting its property development business through its five new luxury hotels, commercial and residential projects in the heart of Bangkok. It also plans to finance its European portfolio worth 300 million Euros, with two recent hotel acquisitions in the United Kingdom.

     Krit Srichawla, CEO of Fico Corporation , made the announcement at the “Fico Corporation Press Conference 2015”, which was held on April 28 at Grand Millennium Sukhumvit under the theme “One World One Vision".

     At the press conference, he was joined by FICO’s senior executives: Vorapoj Nimvijit, MD of Muse Entertainment Group (First from left); Jarin Srithip, Project Director, Fico Corporation (Second from left); Sanjay Singh, MD of Fico Corporation (Third from left); Rajeev Mathur, MD of Fenatex Co., Ltd. (Fifth from left); Sundaram Venkatesan, MD of Fico Metals and Minerals Co., Ltd. (Sixth from left); and Thaweep Singprasong, Credit Card Project Director, Fico Corporation (Seventh from left).

     Krit said that Fico Corporation is a diversified business conglomerate with business interests in textile, hospitality, real estate, food and beverage, retail fashion and entertainment. Fico owns more than 40 famous hotels, restaurants, and imported fashion brands. This year Fico Corporation and its affiliated companies are set for further expansion into both existing and new niche areas, catering more to urban lifestyles. The Bt 4.1-billion investment scheme aims to boost its local and overseas portfolios. Up to Bt3.58 billion will be spent on domestic investment right to 2017, and 15 million Euros (Bt 525 million) on overseas ventures including the acquisition of two hotels in the United Kingdom early this year. Fico’s European portfolio is expected to reach 150 million Euros (Bt 5.25 billion) in value this year and eventually reach 300 million Euros (Bt10.5 billion) within 3 years.

Sanjay Singh, MD of Fico Corporation. 

Vorapoj Nimvijit, MD of Muse Entertainment Group.