EXIM Thailand Finances AMATA City Lao
EXIM Thailand Finances AMATA City Lao for Construction of Smart Industrial City in Lao PDR
Dr. Rak Vorrakitpokatorn, President of Export-Import Bank of Thailand (EXIM Thailand), and Mr. Varong Tangpraprutgul, Managing Director of AMATA City Lao Co., Ltd. (AMATA City Lao), recently jointly signed an EXIM Thailand credit facility agreement worth 150 million baht to finance AMATA City Lao’s land acquisition and development as part of the AMATA Smart and Eco City project in Natuey, Luang Namtha province in northern Lao PDR, at the signing ceremony witnessed by Mr. Arsa Sarasin, Chairman of AMATA City Lao, Mr. Vikrom Kromadit, Chairman of AMATA Corporation Plc. (AMATA), and Mr. Ittipol Lertsakthanakul, EXIM Thailand Executive Vice President, at Kromadit Building.
EXIM Thailand supports AMATA City Lao, a company within the AMATA Group, in its industrial estate development business in Lao PDR as the Bank has envisaged the Thai entrepreneur’s promising business prospects for the construction of a smart and eco-friendly city following the zero waste discharge policy in the AMATA Smart and Eco City in Natuey, aiming to achieve the ultimate goal of a low carbon city that prioritizes caring for natural resources and the environment under the AMATA Group’s “ALL WIN” philosophy. This reflects EXIM Thailand’s role as a development bank committed to promoting industries of the future toward sustainability and driving balanced economic, social and environmental advancement, while strengthening the well-being of communities surrounding the industrial park. AMATA City Lao has so far developed two industrial estates in Lao PDR, comprising AMATA Smart and Eco City in Natuey of Luang Namtha and AMATA Smart and Eco City in Namor of Oudomxay province.
Dr. Rak Vorrakitpokatorn, EXIM Thailand President, said that this financial support aims to bolster sustainable development initiatives in Greater Mekong Subregion. The Bank has sought to promote and support such potential Thai entrepreneur as AMATA City Lao in integrating both Thai and Lao SMEs into the supply chain and building the ecosystem to foster the development of future industries, covering the areas for research and development of cutting-edge technology in conjunction with ensuring the society and environment are nurtured sustainably. This has been in continuation of EXIM Thailand’s financial facility rendered in 2018 to AMATA Group’s development of several industrial estate projects in the Eastern Economic Corridor (EEC) in the amount of over 5,670 million baht for national development through promotion of industries in economic zones in line with the National Economic and Social Development Plan and the 20-year National Strategic Framework.
“EXIM Thailand has operated its business with priority given in all dimensions, i.e. economic, social and governance (ESG), toward the ‘Green Development Bank’ goal. We have all along synergized with both public and private sectors to support domestic and international trade and investment conducive to national development and even extend our support to development of ASEAN, including CLMV (Cambodia, Lao PDR, Myanmar and Vietnam). We aim to create growth opportunities for industrial sectors of all scales, from small and medium ones to large corporations, across their respective supply chains so that they would be well positioned to level up their production efficiency, and strengthen Thai and regional trade and investment development. Ultimately, our efforts align with the economic, social and environmental development of the region and the world at large,” added Dr. Rak.
