FRIDAY, March 29, 2024
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Industrial estates to see more investments next year: IEAT

Industrial estates to see more investments next year: IEAT

The Industrial Estate Authority of Thailand (IEAT) expected more industrial estate investments in fiscal year 2020, especially in the Eastern Economic Corridor (EEC) and Special Economic Zones (SEZs), said governor Somjin Piluek on Wednesday (December 25).

The positive factors for foreign investment, especially from Japan and China, include the government’s offer of both tax and non-tax privileges, and acceleration of the EEC mega project, such as Phase III of Map Ta Phut Port, the High-Speed Railway Airport Link system, development of U-Tapao International Airport and the establishment of the Aerotropolis, she said.
“The global economic slowdown, the baht appreciation, the US’s suspension of Thai’s Generalised System of Preferences (GSP) rights, and the prolonged US-China trade war prompting investors to move their production base to Thailand, have all affected existing investors in business expansion,” she said.

Industrial estates to see more investments next year: IEAT
The IEAT’s performance in fiscal year 2019 from October 2018 to September this year showed a total investment of Bt30.52 billion, creating 5,512 jobs, up by 60 per cent from 3,446 in FY2018,
Sales/rental areas amounted to 2,183 rai, up by 807 rai or 59 per cent year on year from 1,376 rai, divided into 1,964 rai inside the EEC area and 219.85 rai outside the area. For the land inside the EEC, the sales/rental area increased 98 per cent year on year.
“The industrial estate areas under the supervision of IEAT and jointly operating with the private sectors in 16 provinces nationwide consist of 59 industrial estates and one industrial port. The industrial estate which IEAT signed a contract on was Rojana Chonburi 2 Industrial Estate (Khao Khansong),” Somjin said.
“The overall industrial estate area amounted to approximately 175,939 rai, divided into sales/rent of 110,558 rai, cumulative sales/rental area 88,906 rai, and remaining area 21,652 rai. The accumulated investment was approximately Bt4 trillion for 5,875 factories and employment of approximately 500,000 people”.

Industrial estates to see more investments next year: IEAT

“The industrial estates under IEAT have the potential to fully support investors with various infrastructures and public utilities,” Somjin added.
“The authority also prioritised one-stop services to provide flexibility in contacting related government authorities, such as requesting approval and licence through the IEAT’s Total Solution Centre (TSC) to strengthen the competitive ability of entrepreneurs”.

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