Amata Corporation optimistic about impact of Eastern Special Economic Zone Act

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Amata Corporation has expressed its confidence that the Eastern Special Economic Zone Act will jump-start investment in the Thai economy.

Amata Corporation Board Member, Viboon Kromadit disclosed today that investors both domestically and abroad have regularly inquired about investment incentives in the Eastern Economic Corridor (EEC) region. He also expressed confidence that the passing of the Eastern Special Economic Zone Act would encourage investment in the Thai economy, particularly in key industries, and serve to enhance the country’s economic competitiveness and boost GDP growth beyond 4%.

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According to Mr Viboon, the development of special economic zones in the three provinces of Chachoengsao, Chonburi and Rayong will progress with speed and efficiency due to the the existence of public utilities and investment projects. This readiness will help springboard further investment projects, while the government should focus on prioritizing projects that coincide with the needs of investors.

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He revealed that Amata Corporation currently owns over 10,000 rai or 16 million square meters of land in Chonburi and Rayong and will begin to develop the land within five years, with the intention of developing between 1,000 to 2,000 rai per year.