New Smart Park Industrial Estate Targets Investment Opportunities
PUBLISHED : 20 Dec 2024 at 05:48
South Korean entrepreneurs have shown strong interest in investing in the newly completed Smart Park Industrial Estate located in Rayong, which is designed to cater to targeted industries, particularly in digital technology, as reported by the Industrial Estate Authority of Thailand (IEAT).
This interest was highlighted during a recent meeting among the authority and potential investors, aimed at discussing business expansion opportunities within Thailand.
Yuthasak Supasorn, chairman of the IEAT board, noted, “The prospective investors are keen on projects that would use Thailand as an export base.”
The IEAT has completed construction of the Smart Park, which spans 1,383 rai of land in Map Ta Phut, and is now preparing for its opening while also conducting feasibility studies on hydrogen fuel to attract investors interested in clean energy solutions.
One South Korean firm is currently assessing renewable energy potential to bolster investments in the electric truck sector. The company has requested assistance from the IEAT to collaborate with the Energy Regulatory Commission regarding energy matters.
In addition, other South Korean companies are exploring opportunities in medical devices and solar energy sectors.
The Smart Park, with an investment of 12 billion baht, prioritizes industries including digital technology, medical devices, robotics, aviation, and logistics, while also promoting efforts toward achieving a net-zero greenhouse gas target.
The estate is segmented into four zones, with an industrial area encompassing the majority at 621.5 rai, along with commercial, green spaces, and infrastructure zones for floating solar farms.
The initiative is projected to create 7,459 jobs and contribute 1.3 billion baht annually to the economy, according to the IEAT.
This new estate will support the IEAT’s “Now Thailand” investment campaign, aimed at increasing the investment contribution to GDP, which is targeted to reach 27% by 2026, as reported in local media.
