An aerial view of the Map Ta Phut industrial estate and its deep-sea port in Rayong.
Industrial land sales, overseen by the Industrial Estate Authority of Thailand (IEAT), skyrocketed by 182% year-on-year in fiscal 2023 to 5,693 rai thanks to the relocation of foreign production facilities to Thailand and the government’s investment promotion.
The numbers exceeded the targeted projection of 2,500 rai from Oct 1, 2022 to Sept 30 this year.
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