According to the article, Amata is collaborating with B.Grimm Power on its plan to locate the new smart city on 200 rai (32 hectares) inside Amata City Chonburi Industrial Estate. „It aims to attract investment in high technology industries from Europe, in addition to the existing zones for Japan, China, Korea, and Taiwan,” it adds.
Both parties intend to extend their cooperation throughout Thailand, and to Cambodia, Laos, Myanmar, and Vietnam, The Nation Thailand writes.
According to The Nation Thailand, „the development of the smart city is one of the main strategies to enhance the industrial town, which is expected to become a low-carbon city in the long run and in compliance with the green economy”.
“Asia nowadays is considered a potential emerging market with high purchasing power. We are always looking for cooperation not only in Thailand but also in CLMVT (Cambodia, Laos, Myanmar, Vietnam and Thailand). These countries are having promising economic growth and they are attracting European investors to relocate their production base to this region,” Vikrom Kromadit, Chairman of Amata Corporation said.