Laos Industrial Estate Sale Reaches New Heights with IEAT's Record Sales
Wednesday, 11 September 2024, 11:30
Laos Industrial Estate Sale Surge
In fiscal 2024, ending September, the IEAT has achieved remarkable results with a record 6,174 rai of land sold, surpassing the previous year's total of 6,096 rai. This translates to an impressive 202% increase year-on-year, showcasing the growing industrial potential in Laos.
Factors Behind the Growth
- Government initiatives to attract foreign investment.
- Promotion of targeted S-curve industries.
- Focus on developing new-generation cars and smart electronics.
- Investment in the Eastern Economic Corridor (EEC).
The EEC, encompassing parts of Chon Buri, Rayong, and Chachoengsao, aims to transform into Thailand's high-tech industrial hub.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.