Thai Amata group makes large scale investment in Vietnam
VOV.VN - Amata Corporation Pcl, Thailand’s largest developer of industrial estates, plans to invest 3.4 billion Baht (around US$110 million) in its Vietnamese projects this year.
In Thailand, the group will pour finances into transport infrastructure and the Eastern Economic Corridor project. It will invest 8-15 billion Baht in building Amata City in Chonburi Province into a smart city covering 10 projects on electric power plants, infrastructure development, education centre, space development, and information technology systems. These projects are expected to contribute to realizing the industrial target Thailand 4.0 as laid out by the Government.
According to the group’s report, its revenue rose 39% to 3.43 billion Baht during the first nine months of 2017 and is expected to increase by another 10-20% this year.