By THE NATION
“Our study shows that many foreign companies are shifting their investment destination to Thailand to avoid the effects of US-China trade war, especially those in 12 targeted industries,” he said.
According to Suriya, the additional space is divided in 2 categories: space to build new industrial estates and space available in existing ones.
IEAT will allocate 6,306 rai to establish four new industrial estates as follow:
1. Praekasa Industrial Estate in Samut Prakan, area 649 rai.
2. CPGC Industrial Estate in Rayong, area 3,068 rai.
3. Bo Thong 33 Industrial Estate in Prachin Buri, area 1,746 rai.
4. Rojana Industrial Estate in Laem Chabang, area 843 rai.
It is expected that these 4 IEs will attract more than Bt185 billion of investment and create over 46,000 jobs.
Meanwhile, the following industrial estates will prepare 6,466 rai of space to cope with increasing demand from foreign investors seeking an alternative from China.
1. Amata City Industrial Estate in Rayong, available space 2,500 rai.
2. Pinthong 4 Industrial Estate in Chonburi, available space 480 rai.
3. CPGC Industrial Estate in Rayong, available space 2,205 rai
4. WHA Industrial Estate in Chonburi, available space 1,281 rai.
“Meanwhile, the new Smart Park Industrial Estate in Rayong, which has 1,500 rai, will be designated specifically for 4.0 industries,” said Suriya. “The construction plan was already approved by the National Environment Board and building work is expected to start next year. It should be ready for investors before 2023.”
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