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Investment Climate
July 8, 2007

Investor demand for IEAT land to rise in 2008
Foreign investor confidence in the political situation in Thailand is rising as investor demand for buying land owned by the state-run Industrial Estate Authority of Thailand (IEAT) is anticipated to rise further next year, a senior IEAT official said July 8. 

IEAT deputy governor Prapaiwan Muthitacharoen told a seminar that investment by private businessmen within IEAT estates during the second quarter this year totaled about 15 billion baht as investors gained more confidence on the back of local political transparency.

Demand for land within IEAT estate areas is expected to rise further to 3,000 rai next year from this year's 2,800 rai, said Mrs. Prapaiwan, adding that her agency will propose to the government to increase tax reduction period to six years from five years for plant operators which she said could reduce environmental pollution.

Meanwhile, Viboon Kromadit, president of Amata City, a private industrial development company, said Thai industry was now drastically changed toward using more technology and knowledge. Therefore, there is a need to provide more training to the country's labour force.

With a government plan to inject about Bt1.3 billion for human resource development, Mr. Viboon said the scheme would benefit industries which used skilled workers.

He said the investment outlook during the second half of 2007 in Thailand remains bright as foreign investors had gained more confidence in the Thai economy as political factors clarified. TNA

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