Developer Amata capitalises on robust industrial land activity led by China-Plus-One strategy
The quest by foreign companies for alternative factory bases in South-east Asia is driving a surge in land sales, not only in Thailand but also in Vietnam and Laos
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[BANGKOK] One of Thailand’s largest developers and operators of industrial parks is seeing a surge in activity – not just at home but also in neighbouring countries Vietnam and Laos, as multinationals and Chinese companies flock to South-east Asia in search of alternative manufacturing bases.
As land sales gain momentum, the Amata Group has begun marketing its latest project in Namor, located in Oudomxay province, north-western Laos. The site is strategically positioned near the Laos-China border and the Namor station of the Laos-China Railway, which commenced passenger and cargo services three years ago.
“We selected a location near China so that workers can commute easily from China,” said Amata’s chief executive officer for Vietnam Somhathai Panichewa.
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