Thai industrial estate developer sees 70% jump in land sales
Hemaraj Land and Development also sees the Eastern Economic Corridor project as positive for investment
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Bangkok
THAILAND'S largest industrial estate developer, Hemaraj Land and Development Pcl, expects to boost its land sales by nearly 70 per cent this year as government measures to promote investment in the country's eastern seaboard brings in more buyers.
South-east Asia's second-largest economy, which has seen its growth lag that of its peers since the army took power in 2014 due to weak exports and domestic demand, has said that it hopes to attract private investments of about US$34 billion for its Eastern Economic Corridor (EEC) development project.
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