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IEAT sees slight rise in sales next year

By on Jan 08, 2015 in Industrial, Investment-Land

725495The Industrial Estate Authority of Thailand (IEAT) is predicting industrial land sales will increase to 4,500 rai, up from 3,900 rai in 2014. This is due to higher investor confidence from seeing a global economic recovery and the commencement of the ASEAN Economic Community in late 2015.

Performance in 2014 was not so strong because of political conflicts in the first half. Investors from Japan, China and Europe remain the prime targets of the agency considering their long investment history in Thailand.

The state-run IEAT now operates 11 industrial estates and also partnered with operators to manage 45 other industrial estates across the country. The IEAT back’s the governments’s special economic zone scheme to promote border trade and help local industries and is also working on the new phase of the Rubber City project, which aims to turn about 775 rai of a 2,247-rai plot on an industrial estate in Songkhla into a production base for rubber products.

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