Frasers Property Industrial Thailand (FPIT) plans to spend 5 billion baht this year to expand industrial spaces in Thailand, Vietnam and Indonesia by 250,000 square metres.
Sopon Racharaksa, chief executive of FPIT, said this year and next would be "exciting" years for the industrial estate sector as other countries outside China would significantly benefit from the China Plus One policy, which calls for businesses to diversify operations by adding locations in Asia.
