Amata to Build Second IZ in Vietnam
Amata Vietnam, a subsidiary company of Thai Amata Group, plans to invest US$200 million in constructing the second industrial zone, Vietnam-Amata City Long Thanh in Dong Nai province in 2016-2018, according to Deal Street Asia.
The company says the project will be built on nearly 1,300ha, 40 per cent of land will be an industrial estate and 60 per cent will be accommodations and commercial buildings.
Amata chief executive officer Somhatai Panichewa said total investment for the project is estimated at US$800 million.
Amata VN is one of top three foreign-owned industrial estate developers in Vietnam. It invested in its first project – Amata City Bien Hoa – about 22 years ago and has injected around US$800 million into the development there.
Besides, Amata VN is applying a licence for building another IZ in the north, which will comprise both an industrial park and accommodations like Long Thanh with a larger size on a strategic location near a deep sea port.
VOV
Vietnamese
