New smart city planned in Thailand
Amata European Smart City will draw hi-tech investment from Europe to Chonburi province, Thailand.
New smart city planned in Thailand
New Age – New Road

New smart city planned in Thailand

Photo: amata.com
Eurasia 26/02/2023 05:30

Thai industrial estate provider Amata Corporation signed a memorandum of understanding with Bangkok-based multinational conglomerate B.Grimm Power that paves the way for its Amata European Smart City, which will draw hi-tech investment from Europe to Chonburi province, The Nation Thailand reports.

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”.

Photo: amata.com

“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.

Photo: amata.com

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