Thailand’s Industrial Estates Likely to Expand in 2021

Feb 2021

According to Colliers International Thailand, in 2021, land sales and leases will grow by 5-10% on average or 2,500-3,000 rai, thanks to government investment and infrastructure improvement. Additionally, the country is offering attractive perks, such as higher tax incentives and regulation adjustments to ease business operations.

“With a development plan started in the Eastern Economic Corridor (EEC), there will be several industrial estates being prepared for an upgrade to a special promotion zone to support targeted industries in the EEC,” said Phattarachai Taweewong, Director of Research and Communications at Colliers International Thailand.

To better support transport and logistics services among industrial estates, the South East Asian nation is launching several infrastructure projects, including the Chachoengsao-Khlong 19-Kaeng Khoi railway, the Kaeng Khoi-Map Ta Phut and Pattaya-Map Ta Phut motorways, the Bangkok-Rayong high-speed train, the U-tapao airport development, and the Laem Chabang port development.

Most recently, the Electricity Generating Authority of Thailand (EGAT), Thailand’s largest power producer, has selected IBM’s AI-powered enterprise asset management solutions to help manage the high-value assets of its electric power plants.

(Sources: Bangkok Post; IBM)

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