Industrial estate/Frasers Property

Editorial staff

Thailand's leading industrial real estate developers – Frasers Property (Thailand) Plc, Rojana Industrial Park Plc, and Asia Industrial Estate Co will start the construction of Araya Industrial Estate with an investment of 20 billion baht next year.

They are pioneering Thailand's first industrial-tech ecosystem through their joint venture, Araya Land Development Co.

Araya Land Development Co was set up with Frasers Property (Thailand) Plc holds 50% stake and the remaining 25% each held by Rojana Industrial Park Plc, and Asia Industrial Estate Co each.

Kamonkarn Kongkathong, managing director of Araya Land Development, said that the company is on the process to ask environmental impact assessment (EIA) approval and expects to start the construction of Araya Industrial Estate next year.

Spanning more than 4,600 rai, the joint venture’s first project, Araya– the eastern gateway, is a comprehensive development featuring an industrial technology campus, logistics park, Araya Industrial Estate, a vibrant lifestyle and amenities zone, community services centre, and diverse residential options.

Strategically located at kilometre 32 on Bang Na-Trat Road on the outskirts of Bangkok, it has connectivity to the Bangkok-Chonburi motorway, Suvarnabhumi Airport, the Eastern Economic Corridor (EEC), and Laem Chabang Port.                  
Ms Kamonkarn said: “Araya represents a cohesive and interconnected Industrial-Tech Ecosystem. We are pioneering an integrated approach to foster industrial innovation, advanced manufacturing and logistics like never before in Thailand.  We aim to reinforce Thailand’s status as a reliable investment hub and attract foreign direct investment (FDI) to stimulate the country's economy.”

Ms Kamonkarn added: “ARAYA symbolises civilisation and prosperity, highlighting the project’s role as a catalyst for innovation and business growth. The Eastern gateway denotes its strategic location, linking it to Eastern Thailand and the EEC, which is poised to become the country’s primary economic and industrial zone”.

“We are confident that the combined strengths of our investment, expertise, experience, and customer networks from the three developers will drive the project’s success. There is already significant customer interest, and we are engaged in discussions with customers across various industries, including semiconductors, electronics, electric vehicles (EVs), pharmaceuticals, logistics, and data centres, while we continue to welcome clients from emerging sectors,” Ms Kamonkarn said.

Araya is designed as an ecosystem to enhance production, transportation, logistics, and economic value creation. The project prioritises productivity, quality of life, and well-being for all its residents, with six key elements. They include industrial tech campus, which designed for major industrial firms and companies specialising in advanced manufacturing, innovation, research and development, and data centres, this zone features modern amenities and cutting-edge infrastructure to support the growth of future-focused industries.

While logistics park zone caters to logistics businesses, warehousing, and distribution centres thanks to its strategic location for efficient domestic and international transportation.

In addition, Araya Industrial Estate is designated for large-scale industrial facilities, especially for sectors that align with Thailand's target growth industries. Managed by the Industrial Estate Authority of Thailand (IEAT), businesses in this zone benefit from various government tax incentives and investment privileges.
The project will comprise of lifestyle & amenities zone as well as community services centre, which is a central hub offering community services and support to project customers, along with amenities such as parks, jogging tracks, and a futsal field.

Another zone is residential area, which are planned for the development, with the aim of providing residents with a holistic work-live-play lifestyle.