PTT to run retail at Udon Thani airport
SET-listed PTT Plc, the national oil and gas conglomerate, is branching out into property management, according to a key company official. The move is part of a plan to diversify into other sectors at a time when global oil prices remain weak, said Auttapol Rerkpiboon, senior executive vice-president for oil business. PTT recently signed a memorandum of understanding with Airports of Thailand for the rights to manage expanded commercial areas at Udon Thani airport. According to the MoU, the right to construct and upgrade the airport will remain under the purview of AoT, while PTT will own the rights to operate and manage commercial space in the airport after construction is completed. Udon Thani is one of the busiest airports in the Northeast, which offers transport links to neighbouring Laos.
