Mr. Marcus Bertenshaw, Executive Director and Head of Brokerage at Knight Frank Thailand Ltd. stated, "The historical and cultural ties between Thailand and China have existed for over 200 years, but Chinese investment in the real estate sector has been limited by Thai laws regarding foreign land ownership.

  

          Sino-Thai joint ventures have always played a significant role in trade and industry. A notable example of cooperation in recent years is the partnership between China's Holly Group and Amata Corporation Public Company Limited, which is jointly developing the Thai-Chinese Rayong Industrial Estate located along the Eastern Economic Corridor of Thailand. This project benefits from China's "Go out" policy and is supported by over 100 Chinese manufacturers who have invested more than $2.5 billion in the area, currently employing over 20,000 Thai workers and more than 3,000 Chinese workers.

          Following the recent announcement that HNA Innovation Finance and CT Bright will equally invest 20% of the capital, potentially reaching $5 billion over the next 3-5 years, in the $43 billion Eastern Economic Corridor project in Thailand, this area is set to enhance the country's competitiveness and potential.

          Thailand's role as a transportation and logistics hub for China in Southeast Asia is becoming increasingly significant after the Thai Cabinet approved a budget of $5.2 billion to construct a 256 km railway from Bangkok to Nong Khai province, which borders Laos. Chinese experts have been selected to develop the initial railway network that will connect with China, Malaysia, and Singapore through Laos and Thailand.

          In addition to the growth of organizations in China's manufacturing and e-commerce sectors, we expect to see more joint ventures in the service sector, which will benefit the increasing number of tourists visiting Thailand. We anticipate further collaboration from China in developing infrastructure projects within the railway network or even the Kra Isthmus Canal project, which would shorten the Maritime Silk Road by 1,200 km, thus reducing shipping times for Chinese goods to Europe."

Thank you for the information from www.knightfrank.co.th