The Cabinet has approved investment in the 2.37-billion-baht Smart Park Industrial Estate Development Project, located in Huai Pong subdistrict, Mueang district, Rayong province.
The project is part of the Eastern Economic Corridor (EEC) Program. Located about seven kilometers from the Map Ta Phut Industrial Port and 17 kilometers from U-Tapao International Airport, the project covers an area of 1,383 rai (553.2 acres).
The Ministry of Industry told the Cabinet that the project would focus on such target industries as robotics, aviation, logistics, digital, and medical businesses.
It is expected that a period of three years will be required to develop the Smart Park and that various areas within this industrial estate will be all rented within four years after the construction is completed.
The project is also expected to generate employment for 7,459 people. It had been approved by the Industrial Estate Authority of Thailand and the Office of the National Economic and Social Development Council. The National Environment Board also approved the report on the Environmental Impact Assessment of the project.
Source: The Government Public Relations Department