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Thailand Industrial Market – IEAT Greenlights Five New Estates

By on Feb 11, 2014 in Property News

The Industrial Estate Authority of Thailand (IEAT) approved five new industrial estates with the goal of attracting 300 billion baht worth of new investments to support the expansion of the country’s industrial sector.

Vitoon Simachokedee, the permanent secretary for industry, said an IEAT board of projects would be developed via the cooperation of the IE AT and companies.

The private sector will act as the investor, developer and provider of basic utilities, said Mr Vitoon, also the IE AT chairman.

The new estates will consist of 8,719 rai and are projected to create 120,000 jobs. They are expected to drive development of complementary businesses in the area.

The fourth and fifth phases of Pinthong Industrial Estate in Si Racha, Chon Buri, comprising 653 rai and 1,472 rai, are expected to draw 2.2 billion and 52 billion baht worth of investments, respectively.

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Source | Bangkok Post 10 February 2014

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