Knight Frank Thailand Highlights Thailand’s Role as A Transportation and Logistics Hub for China in Southeast Asia

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Mr. Marcus Burtenshaw Executive Director and Head of Occupier Services & Commercial Agency Department ( OSCA ), Knight Frank Thailand says that “ The  fraternal  bond  of  cultural  and  familial  ties  between Thailand and China has been established for over 200 years, but Chinese direct investment in the property sector has been limited by Thailand’s foreign land ownership restrictions.

Sino-Thai  joint  ventures  have  always  played  an  important  role in the trading and manufacturing sectors but a notable example  in  the  property  sector  in  recent  years  has  been the  partnership  between  China’s  Holley  Group  and  the Thai  public-listed  industrial  estate  developer,  Amata  PCL. Together, they developed the Thai-Chinese Rayong Industrial Park   located   in   Thailand’s   Eastern   Economic   Corridor,   which  has  benefitted  from  China’s  ‘Go  Out’  policy,  which encouraged  almost  100  Chinese  manufacturers  to  invest  US $2.5 billion in this park, which now employs over 20,000 Thai staff and over 3,000 Chinese expatriate workers.

The  recent  announcement  that  HNA  Innovation  Finance  and CT Bright will contribute equally to 20% of a fund, which may reach US $5 billion next three to five years, to invest in Thailand’s US $43 billion Eastern Economic Corridor project also  has  the  potential  to  have  a  profound  impact  on  the  area and competitiveness of the country.

Thailand’s  role  as  a  transportation  and  logistics  hub  for China in Southeast Asia has been underscored following the  Thai  cabinet’s  approval  for  the  US$5.2  billion, 256-kilometre  railway  from  Bangkok  to  the Northeastern  province  of  Nongkhai  on  the  border  of  Laos.  Chinese expertise will be enlisted to develop this first phase of a railway  network  that  will  eventually  link  China  to  Malaysia  and Singapore, via Laos and Thailand

Aside from the growing presence of Chinese corporates in manufacturing and e-commerce sectors, we expect to see more JVs to be formed in the hospitality sector as a way to capitalize on the growing numbers of tourists flocking to get ‘Lost in Thailand’, and expect further Chinese participation in infrastructure developments in rail networks and possibly even  the  Kra  Isthmus  Canal  project,  which  could  shorten the Maritime Silk Road by 1,200 km, reducing the shipping time of Chinese commodities to Europe.”

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คอนโดราม, Niche MONO รามคำแหง
คอนโดราม, Niche MONO รามคำแหง
คอนโดราม, Niche MONO รามคำแหง