Rayong ‘smart park’ expected to generate over Bt1.3bn per year
The Industrial Estate Authority of Thailand (IAET) is expected to begin construction of a Bt2.37 billion "smart park" industrial zone in Rayong early next year, said governor Somchint Pilouk.
The project is part of the government’s flagship Eastern Economic Corridor infrastructure programme and is scheduled for completion in three years.
The IEAT board approved the project in January this year, and it will be submitted to the National Economic and Social Development Council next month.
Somchint said the venue will be a role model for modern industrial parks thanks to its adoption of advanced industrial technology, communications, and transport and energy systems.
The project occupies 1,383 rai, of which 621 will be set aside as industrial zones and 238 as a “green” buffer zone.
The park is designed to host four new S-curve industries: aviation and logistics in a 299-rai zone, medical industry (180 rai), robotics (over 74 rai) and digital industry (over 66 rai). The venue will bring an estimated 7,459 new jobs and cash flow of Bt1.342 billion per year. It is expected to draw industrial investment of Bt53 billion.
