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WHA eyes record year as firms expand out of China

WHA China Jareeporn Jarukornsakul Thailand Vietnam

Since the pandemic, around half of WHA’s industrial land sales in Thailand have been made to Chinese investors, says CEO Jareeporn Jarukornsakul. (Photo: WHA Group)

WHA Corporation Plc, the country’s largest industrial estate developer, expects a second straight year of record land sales from companies seeking to diversify away from China, its CEO said on Wednesday.

Mounting trade tensions between the United States and China, coupled with Beijing’s abrupt lifting of its strict zero-Covid policy in December last year, have led to a surge in mainly Chinese investment from companies seeking alternative locations.

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