Amata Corp Expects 2025 Industrial Land Sales Up 15% as Laos Project Adds to Sustained Investor Demand in Thailand and Vietnam

April 2, 2025 -- Amata Corporation PCL, Thailand’s leading industrial estate developer, announced today that it anticipates total group sales of about 3,500 rai (560 hectares) in 2025, a 15% increase from last year’s sales of 3,019 rai, on sustained demand for industrial estate land strategically located in Thailand and Vietnam by companies relocating to escape the trade war, and on the start of land sales in its new project in neighboring Laos.

“So far this this year, we are receiving a significant number of inquiries from customer and this is showing there is still a lot of demand for industrial land in Southeast Asia, both Thailand and Vietnam,” Amata Corp.’s Acting Chief Marketing Officer, Osamu Sudo, told reporters at a press conference in Bangkok. “However, we will need to keep monitoring the situation closely due to the changing policies from the U.S. and their targeting of some specific industrial sectors that may impact the relocation trend.”

To welcome new customers and strengthen its service offering, the company is preparing to invest this year over 7 billion baht (ca. US$ 210 million) in Thailand alone to develop additional land and build utilities in its industrial estates, said Chief Financial Officer Ms. Dendao Komolmas. That number excludes investments in green energy.

The investments will be facilitated by Amata’s strong financial position, including available cash flow of about 5 billion baht at the end of 2024, and an amount of over 20 billion baht of sales awaiting revenue recognition from land transfers.

“This year, 2025, is likely to be challenging due to both the slow recovery of the Thai economy, as a result of the high level of household debt, and the uncertainties surrounding the U.S. trade policies and tariffs,” Ms. Dendao said. “However, that also leads many companies to look at diversifying their production bases, so Amata needs to prepare for that additional demand by further increasing our utilities, and infrastructure, to attract investors.”

The company’s industrial estates in Thailand in Chonburi and Rayong provinces comprise a combined area of approx. 50,000 rai, and are home to over 1,400 factory and commercial outlets from Japan, China, Europe, U.S., Korea, and other countries.

In Thailand, Amata expects most of the increased sales to continue to come from companies in five main target industries promoted by Government policies and incentives, namely the automotive and electric vehicle (EV) supply chain, the semiconductors, smart electronics and PCB sector, the data centers and cloud services sector, the food processing industry, and renewable energy, Mr. Osamu said.

In Vietnam, affiliated company Amata VN PCL is planning to add one more industrial park to its four existing projects to attract foreign direct investment, especially in the semiconductor and electronic industries. The four existing projects in Vietnam, Amata City Bien Hoa Industrial Park, Amata City Long Thanh Industrial Park, Amata City Halong Industrial Park and Quang Tri Industrial Park, represent a total area of 2,118.2 hectares (13,239 rai). Amata VN PCL will announce its investment plan separately.

Mr. Varong Tangpraprutgul, Managing Director of Amata City Lao Co., Ltd. said that this year Amata will start selling land at Amata Smart & Eco City Namor, a new economic zone in Oudomxay province, in the northern region of Laos, located along the Laos-China Railway, 40 km. from the border between the two countries. The estate, which will mostly target green and light industries, will benefit from one of the most generous incentive packages available anywhere in the region.

Amata Smart and Eco City Namor was granted a concession agreement for the development of 3,150 hectares of land, 900 hectares of which will be developed this year in the first phase of the project.

Last week, on March 20, Laos National Assembly, as part of a move to promote industrial investment in the country, approved a tax deferral policy of up to 30 years for investors setting up in the new Amata estate during the first seven years of the project.

“The special incentives focus on investors in four industries including agricultural processing, to promote the use of domestic raw materials,” Mr. Varong said. “Renewable energy such as the manufacturing of solar panels, automobile and parts, as well as electrical and electronic equipment manufacturing can also enjoy these unique benefits, and we believe that should attract quite a number of investors.”

In 2024, Amata Corp saw its total revenue increase 54% year on year to a record 14.9 billion baht as Chinese and other international investors relocated their production bases to Thailand and Vietnam to reduce risk from the U.S.-China trade tensions. The company’s net profit rose 32% to 2.48 billion baht.

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For more information, please contact:
Amata Corporation PCL., Corporate Communication, [email protected]

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