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IEAT’s Vision: Ranong and Chumphon’s Industrial Estates Propel Thailand’s Economic Evolution

Ladies and gentlemen, let’s dive into a scintillating exploration of economic transformation. As we gaze upon the verdant expanses of Thailand’s southern provinces, a visionary venture emerges from the whispering waves of the Andaman Sea and the bustling currents of the Gulf of Thailand. The Industrial Estate Authority of Thailand (IEAT), guardians of industrial evolution, are charting new territories with studies that sing the potential of two spearheading industrial estate projects.

Our tale unfolds with the first spectacle: an industrious endeavour nestled in the arms of Ranong and Chumphon. The protagonists of progress have embarked on a quest to pinpoint the birthplace of an industrial estate that sings in harmony with the ambitious Southern Land Bridge project. This project doesn’t just whisper progress; it roars with opportunity, envisioning a network of motorways and double-track railways binding deep-sea ports like pearls on a string. But what pearls are these? Engage your senses as we envisage the future—a veritable Eden of agro-industrial, food, biological sanctuaries, and a symphony of wellness and tourism industries.

Imagine, if you will, the rhythm of the ports pulsating with trade, the hum of sustainable farms feeding nations, labs birthing biotech wonders, and the murmur of tourists basking in the glow of an economy bustling with energy.

But wait, our tale of economic enchantment doesn’t end there. Behold the second narrative whispering through the banyan trees—a divine plot that’s set to grace the Southern Economic Corridor with what’s fondly whispered as a ‘halal food estate’. The Cabinet, in its infinite wisdom, cast this project into the economic cauldron back in September 2022, envisioning a corridor stretching across Chumphon, Ranong, Surat Thani, and Nakhon Si Thammarat—an incantation for success.

The halal food market, a colossal beast of a market worth a staggering US$2-trillion, is growing at a spellbinding rate of 13.5% annually. The IEAT, with eyes glittering with prospect, cannot help but see this as an atelier of affluence. Thailand itself is no stranger to the halal banquet, with exports in just the first seven months of 2023 boasting a hefty 136.5 billion baht tag.

Mark your calendars and contain your anticipations, for the IEAT is on the cusp of ushering in an advisor to steer the land bridge industrial estate project towards its destiny. Rumor has it, a decision will materialize come April, and the perfect locale for this grand estate will step out from shadows into the limelight.

As we close this chapter of thrilling economic narrative, let us bask in the potential of these titanic projects. In their wake, they promise not just industries and trade, but a tapestry of communities thrumming with activity, progress, and the vibrancy of a rejuvenated economy. The southern breeze carries with it the murmurs of a future bright with promise, and all eyes are tuned to the horizon where Ranong and Chumphon beckon as the new bastions of Thailand’s industrial evolution.

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