Saab to build “aerospace city” and parts plant in Thailand

Flight MH370 case closed, fate will possibly never be knownSwedish aerospace and defense company Saab Group will join forces with Thailand’s Amata Corporation, a developer and operator of factory estates in the country, to build an aerospace parts plant and a pilot training center at a newly developed industrial park in Thailand next year to tap growing demand in the region, particularly from discount airlines. 

The plant and the center will be located in the “Amata Smart City and Aerospace City”, for whose creation Vikrom Kromadit, chief executive officer of Amata, signed a memorandum of understanding with Saab. This development, which will also serve as maintenance, repair and operation center for airlines, is in line with the Thai government’s effort to drive the expansion and growth of the Eastern Economic Corridor (EEC) in and around Chonburi province southeast of Bangkok.

“At present, the air transport industry is booming… and this joint venture has been set up to meet growth in the aviation industry,” Kromadit said at a press conference on October 5, according to Reuters. The announcement came shortly after the Thai government approved a new EEC law which provides incentives for foreign investors.

The aerospace sector is among targeted industries that Thailand wants to promote as a new engine of growth and as it strives to become an aviation hub in Asia.



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Swedish aerospace and defense company Saab Group will join forces with Thailand’s Amata Corporation, a developer and operator of factory estates in the country, to build an aerospace parts plant and a pilot training center at a newly developed industrial park in Thailand next year to tap growing demand in the region, particularly from discount airlines.  The plant and the center will be located in the “Amata Smart City and Aerospace City”, for whose creation Vikrom Kromadit, chief executive officer of Amata, signed a memorandum of understanding with Saab. This development, which will also serve as maintenance, repair and operation center for airlines, is in...

Flight MH370 case closed, fate will possibly never be knownSwedish aerospace and defense company Saab Group will join forces with Thailand’s Amata Corporation, a developer and operator of factory estates in the country, to build an aerospace parts plant and a pilot training center at a newly developed industrial park in Thailand next year to tap growing demand in the region, particularly from discount airlines. 

The plant and the center will be located in the “Amata Smart City and Aerospace City”, for whose creation Vikrom Kromadit, chief executive officer of Amata, signed a memorandum of understanding with Saab. This development, which will also serve as maintenance, repair and operation center for airlines, is in line with the Thai government’s effort to drive the expansion and growth of the Eastern Economic Corridor (EEC) in and around Chonburi province southeast of Bangkok.

“At present, the air transport industry is booming… and this joint venture has been set up to meet growth in the aviation industry,” Kromadit said at a press conference on October 5, according to Reuters. The announcement came shortly after the Thai government approved a new EEC law which provides incentives for foreign investors.

The aerospace sector is among targeted industries that Thailand wants to promote as a new engine of growth and as it strives to become an aviation hub in Asia.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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