Land sales fall 3.9% while investors awayMap Ta Phut Industrial Estate in Rayong province is part of the EEC. Land sales at 61 industrial estates nationwide saw a year-on-year decline of 3.9% during the past nine months, mainly due to difficulties foreign investors face entering the country and an economic slowdown amid the pandemic, says the Industrial Estate Authority of Thailand (IEAT). Land sales in the period of October 2019 to June 2020 fell to 1,696.92 rai. "The IEAT is not concerned about the drop in land sales volume, because Thailand is taking advantage of investors relocating their manufacturing out of China," she said. The IEAT also joined Asia Clean Industrial Park to develop a new industrial estate to serve investment in the Eastern Economic Corridor (EEC).

Source: Bangkok Post July 07, 2020 23:26 UTC