Charoen Pokphand Group is preparing to invest up to 2.6 billion yuan (13 billion baht) in a property project in Henan.
The new Chia Tai City Plaza project in Luoyang city will cover 120 rai, and feature a shopping centre, an entertainment complex, a hotel, an exhibition centre and official offices, including customs, a clearing house, and other public service centres, said Thanakorn Seriburi,vice chairman of CP Group - or Chia Tai Group as it is called in China.
Henan's local government said it would buy the 100,000 square metres for official service centres once construction was completed.
"Chia Tai City Plaza will be CP Group's biggest investment project in China,"said Mr Thanakorn."This project is likely to start over the next two months."
Construction will be in two threeyear phases. The plaza should be fully operational within six years.
CP also plans to invest $30 million in agricultural projects in Henan, starting with pig farming.
CP has a strong presence in the province since setting up a motorcycle plant with a production capacity of 500,000 units a year at Luoyang city in 1992.
Mr Thanakorn said Thailand and Henan province yesterday signed nine co-operation projects worth $827 million during a five-day trade mission. They are six joint-investment contracts worth $518 million and three trade contracts.
The investment projects include a $58.57-million rubber-glove production project in Puyang; a $30.06-million acid sodium export project in Zhoukou; a $30-million rubber plant project with Nan Shen Co in Zhoukou; a $20-million agro-industrial project in Zheng Zhou;and a $10-million project to produce microbial and environmentally friendly products in Zhumadian.
Under the deals, Thailand will ship rubber worth $200 million to the Feng Shen tyre factory in Jiaozuo, as well as tapioca and products worth $79 million to the Tian Guan Group in Nanyang.
Henan, home of the Shaolin Temple,also wants to co-operate further on tourism with Thailand, he said.
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