Amata to invest $2.2b to build industrial zones
Amata to invest $2.2b to build industrial zones
Thai-owned Amata Viet Nam Company Ltd, Southeast Asia's leading industrial zone developer, has announced plans to invest over US$2.2 billion to build new zones in Viet Nam.
The announcement came late last week at the company's celebration of its 20th anniversary in the country held in the southern province of Dong Nai.
It said Amata City Ha Long in the northern province of Quang Ninh would be developed at an estimated $1.6 billion. The nearly 5,800ha facility will be a high-tech industrial park housing companies in the automation, bio-technology, IT, and other technology sectors, especially electronics.
Somhatai Panichewa, the company's CEO, said the park would solicit investment in research and development facilities, logistics and exhibition centres and scientific laboratories.
It is planned for completion in the next two years, she said, adding it is expected to generate revenues of $5 billion a year and create 300,000 jobs.
Amata City Long Thanh in the Dong Nai will be built at a cost of $634 million with three components.
The first is a 410ha high-tech industrial park to cost $282 million. Work on its infrastructure will start by the end of next year, and in 2017 it will house high-tech, automated and environment-friendly companies.
The other two components are a 753ha township and 123ha service city. Amata City Long Thanh will transform the Long Thanh area into a modern industrial city and contribute to the region's socio-economic development.
Amata was established in December 1994 as a joint venture between Amata Corporation Public Company Ltd of Thailand and Sonadezi Bien Hoa, a State-owned developer of industrial estates in Dong Nai.
Amata Bien Hoa Industrial Park in Dong Nai is rated among the most dynamic economic zones in Viet Nam, with 145 investors from 21 countries and territories investing $2.34 billion and creating 43,000 jobs.
