Amata busy preparing new industrial estate in Laos

Firm plans to spend B1bn in first phase

- LAMONPHET APISITNIRAN

SET-listed industrial developer Amata Corporation is preparing to build a new industrial estate in Oudomxay in northern Laos to serve foreign investors likely to expand or relocate from China to avoid the impact of the US-China trade war.

Many entrepreneurs want to move to Southeast Asia, with Laos among the potential locations, destinations due to state tax incentives to promote new business development.

"We have received a number of inquiries about industrial estates from customers, indicating growing demand for industrial land in Southeast Asia following changes in US trade policy," said Osamu Sudo, acting chief marketing officer at Amata.