Thai developer Amata gets licence for $23 mln residential-commercial project

Reuters

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Thai industrial park developer Amata said Thursday it has got the license to develop a $23 million residential-commercial project in Long Thanh near Ho Chi Minh City.
Amata Service City Long Thanh 1 would cover an area of 55.4 hectares, the firm said in a statement.
Construction, including of warehouses and a logistics facility, is expected to start in 2018 and finish in 2019, when the facility would be ready to serve both domestic and foreign investors, it said.
The company is also developing Amata City Long Thanh, a 410-hectare high-technology industrial park for which it got a license in 2015 and which is expected to be finished in 2017.
Amata has sought licenses to develop two projects with a combined area of 801 hectares and is expected to receive them in the third quarter, it said.
Amata, one of the top three foreign-owned industrial park developers in Vietnam, has run Amata City Bien Hoa since 1994.

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