Amata to build second IZ in Vietnam

02:08, 03/08/2016

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.

 
 

 

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% of land will be an industrial estate and 60% 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.

(Source:VOV)