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Cabinet gives green light to smart park in Rayong

EconSep 30. 2020Deputy government spokesperson Ratchada Thanadirek 

By The Nation

The Cabinet on Tuesday approved the Industry Ministry’s proposal to develop a smart park worth Bt2.37 billion in Rayong province, deputy government spokesperson Ratchada Thanadirek said.

The park will occupy 1,383 rai, 621 rai of which will be allocated for the industrial zone, 150 rai for the commercial zone, 373.35 rai for utilities and infrastructure, and 238.32 rai for the green buffer zone.

The park aims to woo advanced industries, such as robotics, aviation, digital and medical businesses.

She added the construction of the park’s infrastructure will take three years to complete, and it should be fully occupied within four years of completion.

The park is expected to generate a cash flow of Bt1.34 billion per year.