Contractor Teka Construction Plc is switching its focus to non-condo projects, housing development and construction materials to reduce its reliance on high-rise residential projects.
Suphon Chongchintaraksa, the chief financial officer, said the company would expand its scope and customer base to include various construction projects, such as international schools, warehouses, shopping malls and the government sector.
“Construction jobs from the private sector are expanding, particularly non-condo projects,” he said. “We are bidding for the construction of international schools and warehouses with a total value of 2-3 billion baht.”
According to the Office of the National Economic and Social Development Council, spending on construction from the private sector last year grew 1.6% to 569 billion baht from 560 billion in 2021.
The key driver was the construction of…
