IEAT set to be among top 3 ASEAN investment hubs

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The Industrial Estate Authority of Thailand (IEAT) has voiced its determination to be among the top three investment hubs in Southeast Asia next year.

To accomplish this ambition, cooperation from related agencies and personnel of all levels are needed so as to improve facilities at industrial estates under the IEAT’s supervision to be on a par with other industrial estates’ in the region, IEAT Governor Verapong Chaiperm said.

Verapong, however, stressed that the development plan should lead to cost reduction and strengthen competitiveness at Thai industrial estates without affecting the environment.

According to the latest ASEAN industrial estate rankings by Sasin Graduate Institute of Business Administration of Chulalongkorn University, industrial estates that are deemed most attractive for investors are Amata Nakorn, Rojana and Hemaraj. Industrial estates under the supervision of the IEAT have been ranked eighth after counterparts in Malaysia, Indonesia and the Philippines. At regional level, Thailand has come in second after Malaysia.

The ranking is based on several factors such as location, potential of individual areas, marketing and services offered by each industrial estate.