This is not an around the world trip because you do not cross either the Atlantic or Pacific oceans. It could be a Circle Indian Ocean trip (Europe-Africa-Asia-Europe), however, it violates a number of rules for that trip. You can only have six total stopovers and a maximum of two per continent.

You could convert this to a four continent RTW trip by adding in North America say BKK-HKG-LAX-LHR. You need to reduce your segments in Europe to a maximum of four with no more than two stopovers if you do this.

Note that there has been a report that fares ex-CAI are going up substantially next week so you may want to wait a bit to see what happens.