Frasers Property, best known for its Singaporean malls and condominiums, is trying something else for its next project: an industrial park outside Bangkok, as it hopes to attract companies trying to decouple their supply chains from China.
Announced earlier this week, the park named Araya, or “the Eastern Gateway,” is meant to bring high-end tech manufacturing to Thailand. Araya spans about 740 hectares and will house an industrial tech campus, a logistics park, and residential options. The total investment will amount to 20 billion baht ($592 million).
