Ubon Ratchathani to get industrial estate

Ubon Ratchathani to get industrial estate

The planned industrial estate in Ubon Ratchathani province is expected to begin construction by 2020 for completion in 2022.
The planned industrial estate in Ubon Ratchathani province is expected to begin construction by 2020 for completion in 2022.

A partnership between Thai and Japanese companies plans to invest nearly 3 billion baht to build an industrial estate in Ubon Ratchathani, focusing on agriculture processing and biotechnology.

Natawatana Lerdsurawitaya, managing director of Ubon Industry Co, announced a partnership with Kaigai Advisory Co, Wellness Life Project Thailand Co and Asian Dynamic Communication Co.

The companies recently signed a memorandum of understanding to establish the Ubon Ratchathani Industrial Estate, which is expected to begin construction by 2020 and conclude in 2022.

The estate is touted as a regional distribution centre connecting with Cambodia, Laos and Vietnam. The estate will also manufacture machinery for agriculture and other industries.

Mr Natawatana said the establishment of the industrial estate is a product of collaboration among the four partners, aiming to serve as a model of how industry-led sustainable development derives from foreign direct investment, enhances the local economy, provides employment and creates valuable socio-economic transformation in the region.

He said the project targets generating an economic impact of more than 20 billion baht and providing 20,000 jobs by 2022.


Do you like the content of this article?
COMMENT (1)

Weaker baht hits travel

Outbound Thai travel is expected to stay subdued as a result of the weak baht, poor purchasing power and cryptocurrency losses, despite the reopening of Japan and Taiwan.

06:14

'Little Thailand' celebrated in New York

Don Pramudwinai, deputy prime minister and minister of foreign affairs, joined New York City's Thai community on Monday to celebrate the naming of a road in Queens as "Little Thailand Way".

06:06

'Billy' murder suspects plead 'not guilty' ahead of trial

Chaiwat Limlikit-aksorn, the former chief of Kaeng Krachan National Park, and three other defendants on Monday pleaded not guilty in the case brought against them in court in connection with the disappearance and murder of a Karen rights activist back in 2014.

06:00