Amata embarks on 2nd industrial estate in Vietnam
Amata Corp Plc has won the Vietnamese government's license to invest in the second integrated industrial estate in Dong Nai province.
To be named Amata Express City, the 9,375-rai estate will be located close to the new Long Thanh International Airport near Ho Chi Minh Cith and Dong Nai River. The airport is capable of accommodating 52 million passengers annually and upto 1.5 million tonnes of daily cargo. Facilitating goods transportation would be an outer ringroad network.
Somhatai Panicjewa, chief business officer at Amata Corp, said in a statement that the development will include accommodation and other services. About half of the area will be developed particularly for high-tech industries. While saying that detail investment is being drawn, she added that the first phase is expected to complete in 2015.
"This is a milestone of Amata's investment in Vietnam. It's in line with our strategy to expand the industrial land, to accommodate business relocation as well as demand for manufacturing expansion," Somhatai said.
Amata made the first investment in Vietnam in 1994, through the deveopment of the 4,375-rai industrial estate in Bien Hua. At present, the estate accommodates 120 plants.
