IEAT slashes expenses to lure investors

The Industrial Estate Authority of Thailand (IEAT) is trying to attract more investors to its four industrial estates by waiving or reducing their expenses, as part of efforts to stimulate domestic investments and drive steady growth this year.

“We believe 2022 investments will gradually recover this year,” said Veeris Ammarapala, IEAT governor, attributing the recovery to various state stimulus measures.

Local and foreign entrepreneurs who plan to invest in the four estates will see some service fees waived, including the exemption of land rents and infrastructure maintenance fees for 1-3 years, he said.

The four properties comprise the Southern Region Industrial Estate and Songkhla Industrial Estate, both located in…