Four industrial estates offer major incentives for investors
The Industrial Estate Authority of Thailand is waiving rental and maintenance fees in four industrial estates for at least one year to attract investors, its governor, Veeris Ammarapala, said on Thursday.
The fees will be waived in two industrial estates in Songkhla province, one in Sa Kaew province, and another in Phichit province, Veeris said.
Fees are being waived and land prices are being lowered to attract investment, primarily from China and Saudi Arabia, in the four industrial estates, Veeris explained, adding that the measures applied to both new and current investors.
The measures are being implemented as supply chains accelerate their shift from China to Southeast Asia and investment from Saudi Arabia in Thailand increases following an improvement in the relationship between the two countries last year.
The measures for each of the four industrial estates are:
- Rubber City, Songkhla: New investors will be exempt from rental and maintenance fees for one year from the day they sign the leasing contract. Current tenants will be exempt from rental fees for two years and maintenance fees for one year. New investors buying land in the estate will receive a 15% reduction from the land price as well as a one-year exemption from maintenance fees. Current investors will receive a 20% discount if they buy more land as well as the one-year exemption from maintenance fees.
- Sa Kaew Industrial Estate: New investors will be exempt from rental and maintenance fees for one year. Current tenants will be exempt from rental fees for three years and maintenance fees for one year. Investors who rent factories will be exempt from rental fees for two years.
- Phichit Industrial Estate: New and current investors will be exempt from rental fees for two years and from maintenance fees for one year.
