Fox Petroleum Group Entrusts Stark Networks PFO with 1.75 Billion Baht FDI for Projects in the Kingdom of Thailand
JOINT PRESS RELEASE
Fox Petroleum Group Entrusts Stark Networks PFO with 1.75 Billion Baht FDI for Projects in the Kingdom of Thailand
Partnership for selected Private Investment to include Digital Media Innovation Park
Wednesday, 13th December 2023
Bangkok, Thailand — Business and career heavyweights, Dr. Ajay Kumar, Chairman of the Fox Petroleum Group Board of Directors and Stark Networks PFO President, Mr. James Wearing Smith, have jointly confirmed their approval for foreign direct investment (“FDI”) of at least US$50 Million (~1.75 Billion Thai Baht) committed by Fox Petroleum into the Kingdom of Thailand in early 2024.
Investment targets include the expansion of a “Movie Hub” with the addition of a new Digital Media Innovation Park in the “Smart Samaesarn” regional Public-Private Partnership (“PPP”) project, administered by the Marine Conservation and Tourism Association (“OCTA”) under the jurisdiction of The Royal Thai Navy headquarters in Sattahip, Chonburi. As well as upgrades to the Percola Tropical Fish Farm, an important marine conservation, environmental sustainability project, and a local tourist attraction in Samaesarn, Stark Networks PFO is assisting the PPP in achieving the shared Sustainable Development Goals (“SDG”) for peace and prosperity for peoples and the planet.
Stark Networks PFO envisages opening a new corporate entity to facilitate the investment, objectives, and projects management requirements in the Kingdom of Thailand. The private investment paves the way for further business expansion, aligning with existing Thailand Government agencies, including Thailand’s Board of Investment (BOI), Eastern Economic Corridor Office of Thailand (EECO) public agency encouraging investment, uplifting innovation, and advancing technology in Thailand for the future generations. With a focus on Digital Media, OCTA is assisting and coordinating with the Thailand Film Office, Department of Tourism in the Ministry of Tourism and Sports. Further details are expected to be announced in January 2024, following Fox Petroleum Group’s Board of Directors meeting to be held in Singapore.
About Fox Petroleum Group:
Fox Petroleum Group is a globally recognized energy company with a focus on innovation, sustainability, and strategic partnerships. With a commitment to excellence, Fox Petroleum Group continues to shape the future of the energy industry through its diversified portfolio and forward-thinking initiatives. The Fox Petroleum Group of Companies are dedicated to shaping a sustainable future by providing world-class solutions in the Oil and Gas, Capital Markets, and Aviation sectors. With a mission to maximize value for stakeholders, whilst maintaining the highest standards of safety and environmental responsibility and fostering innovation and excellence. The Group is committed to driving economic growth, energy security, and global connectivity, whilst upholding the core values of integrity, professionalism, and social responsibility. Fox Petroleum Group of Companies envisions a future where theirleadership in the Oil and Gas, Capital Markets, and Aviation industries plays a pivotal role in shaping a more interconnected and sustainable world, striving to be the preferred partner for energy, investment, and travel solutions, continuously pushing the boundaries of technology and industry best practices. The Group vision is to foster a global community that benefits from expertise, with a commitment to safety, environmental stewardship, and the well-being of employees and society at large. Together, we aim to make a positive impact on the present and future, ensuring a more prosperous and interconnected world.
About Stark Networks:
Stark Networks PFO (“Stark Networks”) selects clients following assessment, compliance, and checks, basing a determination on the scope of engagement. Stark Networks provides services exclusively within the framework of dedicated mandates, typically including annual and monthly, non-refundable retainer fees. The retainer structure has been implemented for efficiency and to avoid any issues of potential lack of commitment, loyalty, tardiness, and uncertainty. The office takes pride in focusing on private clients’ needs seriously. Stark Networks does not engage in investment opportunities, early-stage investment proposals and/or fundraising proposals that are brought to its officers by third parties or brokers. Stark Networks deploys dedicated resources to each client and to related projects. Stark Networks main capabilities include advisory and consultancy services for UHNW Clients, Private Banking, Intelligence Solutions, Transactional Advisory, Equity & Debt Financing & Business Structuring, Public Private Partnerships, Sovereign Wealth, Funds, Government Organizations, as well as unusual complex business situations.
For further information and official media inquiries
Fox Petroleum: fox@foxpetroleum.net
Stark Networks PFO: office@starknetworks.ch
#StarkNetworks #PFO #FoxPetroleumGroup #FPG #Thailand #PPP #environment #sustainability #tourism #investment #innovation #technology #digital #media #filmmaking #production #SmartSamaesarn #สมาร์ทแสมสาร #BOI #EEC #ESG #PressRelease
Reference: https://www.linkedin.com/pulse/fox-petroleum-group-entrusts-stark-networks-pfo-175-hswkc/
