TCC Land to launch first thai service estate

The Industrial Estate Authority of Thailand has approved the establishment of the first serv¬ice estate in Thailand following the revision of its main Act.

IEAT enforced the fourth edition of IEAT Act BE2550 on January 9, under which "Export Industrial Zone" has been revised to "Free Zone". This provides a broader scope by allowing service businesses to invest in industrial estates and parks.

"We [Thailand] have very high potential in the tourism industry, while we are concerned about environmental pollution in the industri¬al sector. The investment promotion in the service sector will help stimu¬lating our economy," she said.

This development project, owned by TCC Land, which is owned by bev¬erage tycoon Charoen Sirivadhanabhakdi, is a part of promoting serv¬ice investment as a cluster. It will be located in Phetchaburi province.

"This service estate will be differ¬ent from the development of an indus¬trial estate because it will develop infrastructure maintaining the beau¬ty of nature for tourists," she said.

Apart from this project, six other industrial estates are under con¬struction. They comprise TFD, VRM, Maharatnakorn, Pan Thong Kasem, Pin Thong Laem Chabang and Bangsaphan.

North Park Master Plan on VibhavadiRangsit Road in Bangkok has been developed under the theme "The Ultimate Town".

EAC Warehouse Master Plan, located near the Chao Phya River, transforms oldworld warehousing facilities into worldclass leisure facil¬ities, with a vibrant shopping area and smart living alternatives for contem¬porary urban habitants.

The company is studying the Bang Sai Master Plan, which is proposed to be developed under the theme "Venice of the East" in Ayutthaya province.

He said the project would com¬bine residential projects, a service industrial estate and commercial areas for a wide offering to potential customers.