Bangkok is the center of a multi-billion dollar redevelopment led by major conglomerates.

Bangkok is gearing up for a wave of renovation costing more than 500 billion baht ($14 billion) and backed by some of the country's leading conglomerates, with the aim of turning Thailand's capital into a rival to Singapore as a tourist destination.

A huge construction project led by conglomerate TCC Group is underway on attractive properties opposite Lumpini Park in downtown Bangkok. One Bangkok will be one of the largest private sector projects in the country, totaling 120 billion baht.

The project, which includes office, residential and commercial space as well as a hotel, is expected to make Bangkok attractive for business and tourism.

Besides this, other major entertainment and shopping complexes are also planned in different areas of Bangkok, such as The Forestias in Samutprakarn, which will offer shopping, residential and hotel options.

These projects are backed not only by conglomerate TCC Group but also by other well-known companies such as Central Group. They are designed to boost economic activity and attract more tourists to Thailand's capital.

These new entertainment and retail facilities are expected to attract major international brands and complement Bangkok's existing attractions, making it even more attractive to locals and tourists.