Chinese e-commerce giant Alibaba Group is vying to build up its footprint in Thailand by negotiating with WHA Corporation for the latter's industrial estate land in Chachoengsao. "The talks are about new investment in WHA's industrial estate land and we expect our logistics business will see more benefits from the deal," she said. WHA will deliver the first phase of built-to-suit land for Alibaba's logistics business, with 130,000 square metres of land, in September 2019. WHA's industrial estates in the EEC area have been designated as targeted industry promotion zones by the government, totalling 34,434 rai. For industrial development, which accounts for 29% of WHA's revenue, the group aims to sell industrial land spanning 1,600 rai, developing 2,650 rai this year.

Source: Bangkok Post May 27, 2019 22:41 UTC