Two new industrial estates approved

The Industrial Estate Authority of Thailand (IEAT) has approved private sector participation in the development of two new industrial estates, in Udon Thani and Chon Buri.

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It is projected the new estates will attract about 96 billion baht in investment.

Udon Thani Industrial Estate will be developed on 2,200 rai of land in tambon Nong Phai of Muang district, with around 74 billion baht of investment. The estate, to be operated by Udon Thani Industrial City Co, aims to attract electronics, auto parts, electricity appliance and rubber processing industries, with the expectation development will create up to 16,900 jobs.

The Yamato Industries estate will be developed on 690 rai of land in tambon Nong Yai of Nong Yai district in Chon Buri. It will be operated by American Builder Co and aims to generate investment of 22 billion baht with 5,000 jobs to be created. It aims to attract similar industries as the new estate in Udon Thani.

Industry permanent secretary Witoon Simachoke-dee,  chairman of the IEAT board, said the approval of two new industrial estates would support industrial growth in Thailand. The companies would invest in infrastructure development under criteria set by the IEAT, he said.

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