Industrial land sales in Thailand, managed by the Industrial Estate Authority of Thailand (IEAT), witnessed a dramatic rise of 182% year on year in fiscal this year, totalling 5,693 rai. This substantial increase was due to the migration of foreign manufacturing plants to Thailand and the country’s government’s investment incentives.
The sales figures surpassed the previously projected target of 2,500 rai, set for the period spanning from October 1 last year to September 30 this year.
Veeris Ammarapala, the governor of the IEAT, explained that the surge in sales was not only due to the relocation of factories but also due to increased investment in the Eastern Economic Corridor (EEC) and the implementation of a long-term resident visa policy. This policy allows foreigners a ten-year stay, thus attracting foreign investors.
“Land sales in the EEC…
