Thai developer bets on digitization and China’s ‘Belt and Road’

Thailand’s largest industrial estate developer is restructuring its investments to align with the country’s rapidly changing business landscape amid the coronavirus pandemic.

Amata has decided to revise its business plan to invest 5 billion baht ($160 million) over five years to 2023 in Thailand and Vietnam, while gearing up for a post-COVID rebound in the economy.

The developer hopes to beat the gloomy sentiment caused by COVID-19 at home and political instability in other parts of the region, said an analyst from KTB Securities. In particular, Amata senses opportunity in digitization, a trend that continues to grow in the business sector.

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