UOB Thailand and Frasers Property Industrial (Thailand) Co., Ltd., a real estate company under Frasers Property (Thailand) Public Company Limited (FPT), have signed a strategic memorandum of understanding to jointly promote investment in the industrial sector, support trade, and facilitate financial services for businesses planning to expand operations in Thailand, Vietnam, and Indonesia.

Despite the ongoing uncertainties and fluctuations in the global trade environment due to ever-changing geopolitical factors, Southeast Asia remains a region with high potential for industrial growth. According to the UNCTAD World Investment Report 2025, foreign direct investment (FDI) inflows into Southeast Asia are projected to reach $225 billion in 2024, an increase of $20 billion from 2023.

This memorandum of understanding represents a timely collaboration, as both leading organizations will join forces to identify and promote opportunities for foreign direct investment, particularly for businesses planning to establish or expand operations in key industrial areas across the region.

Under this agreement:

· Frasers Property Industrial (Thailand) Co., Ltd. will provide comprehensive support to businesses looking to invest in industrial areas, including guidance on policies, regulations, and investment opportunities.

· UOB Thailand will offer a wide range of financial solutions, including regulatory consulting, project financing, trade facilitation, and cash management services, leveraging its extensive banking network across the region and expertise in supporting cross-border investments.

Mr. Richard Maloney, CEO of UOB Thailand, stated, “This collaboration with Frasers Property Industrial (Thailand) Co., Ltd. marks a significant step that reflects our shared commitment to driving industrial growth in the region. As more businesses recognize Southeast Asia as a hub for supply chains and a strategic area for expansion, this memorandum of understanding will enable both organizations to effectively identify and support potential industrial projects in key markets. We believe that combining UOB's deep regional expertise and financial solutions with Frasers Property Industrial's real estate capabilities will unlock new investment opportunities, support sustainable economic growth, and enhance the region's role as a global industrial hub.”

Mr. Pirapat Srikoon, Managing Director of the Industrial Property Group at Frasers Property (Thailand) Public Company Limited, added, “With our extensive industrial business network across Thailand, Vietnam, and Indonesia, we are very pleased to partner with UOB to provide comprehensive support to manufacturers and operators worldwide looking to expand their investments into Southeast Asia. By combining the knowledge, expertise, and resources of both organizations, along with the regional network of Frasers Property Group, we are committed to promoting sustainable growth and creating long-term value for this region.”

Currently, Frasers Property (Thailand) Public Company Limited's industrial property group manages over 3.48 million square meters across Thailand, with a total of 946 factories and warehouses. Additionally, there are 140,000 square meters of industrial space in Vietnam and 150,000 square meters in Indonesia. This strategic collaboration underscores both organizations' commitment to connecting businesses regionally, promoting industrial development, and driving sustainable economic growth in ASEAN.