Industrial Estate Authority Of Thailand

What Industrial Estate Authority Of Thailand does

Industrial Estate Authority of Thailand (IEAT) is a Thai government state enterprise established in 1972 under the Ministry of Industry and operating today under the IEAT Act (B.E. 2522, most recently amended B.E. 2562). It holds exclusive statutory authority to develop, regulate, and permit industrial estates across Thailand. IEAT directly operates 15 industrial estates and partners with 69 private developers in joint-venture arrangements (including WHA, Asia Industrial Estate, Pinthong, Rojana, Asia Clean, CPGC, and Bhakasa/VNS), reaching a combined footprint of 84 estates across 18 provinces. The portfolio includes specialized zones such as the Rubber City estate, regional estates (Sa Kaeo, Songkhla, Kaeng Khoi), General Industrial Zones, and I-EA-T Free Zones with tax incentives, anchored by Map Ta Phut Industrial Port.

IEAT's commercial offering is built around an integrated industrial ecosystem: land sales and rentals (priced 2.7-3.5 million THB per rai for sale and 170,000-420,000 THB per rai per year for lease depending on estate and zone), shared utility services (water, power, drainage, wastewater treatment, roads), industrial port services, and a regulatory One Stop Service Center (OSS) and Total Solutions Center (TSC) that combine permitting, environmental compliance, and investment promotion functions. The technology stack includes the E-PP electronic permitting system, SMART EIA Management System, i-Safefactory platform, and Data-Driven Marketing systems, with a Digital Resilience Center under development at the Smart Park estate.

Revenue is generated across four streams: one-time industrial land sales, recurring annual land leases, subscription-style utility and port service charges, and transaction fees for permits plus professional services for environmental management and compliance (SHEE 2020, ISO 14001, Process Safety Management). Distribution combines direct enterprise sales through the OSS/TSC in Bangkok with regional estate offices and a network of 69 joint-venture developer partners who independently market and sell plots within their respective estates. As of the most recent disclosures, IEAT serves 103,057+ factory operators with combined registered capital above 2.19 trillion THB in core eastern provinces. In February 2026, IEAT secured an initial USD 100 million World Bank loan (first phase of a USD 200 million initiative, channeled through EXIM Thailand) to convert Map Ta Phut and Laem Chabang into low-carbon hubs, and in June 2026 joined Thailand FastPass, an 8-agency coordination program that has cut regulatory approval timelines by up to 50% and helped mobilize over USD 21 billion in strategic high-tech investment.

Name

Industrial Estate Authority Of Thailand

Legal name

Industrial Estate Authority of Thailand

Website

https://ieat.go.th

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

101–250 employees

Short description

IEAT is a Thai state enterprise under the Ministry of Industry that exclusively develops, regulates, and permits industrial estates across Thailand. It operates 84 industrial estates in 18 provinces (15 self-operated, 69 joint-venture) serving 103,000+ factory operators with land, utilities, port services, and one-stop permitting.

Ownership category

akta.pro rank

Product category

Industrial Estate Management

NAICS

Real Estate Property Managers (53131), Port and Harbor Operations (48831)

SIC

Operators Of Nonresidential Buildings (6512), Investors, Nec (6799)

akta.pro primary industry

Industrial & Logistics Property Management (BPAJAGAC)

akta.pro secondary industries

Manufacturing & Heavy Industrial Facilities Brokerage (BPAJACAB), Maritime & Port Authorities (Public Ports, Harbors, Ferries Terminals) (BPAIALAF), Port Asset, Maintenance & Facilities Management (EAM/CMMS) (TLAHAOAK)

Keywords

• Industrial estate development
• Land leasing services
• Industrial park management
• Factory permitting
• Industrial utility services

Headquarters

HQ city

Chatuchak

HQ country

Thailand

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Industrial Land Sales and Rentals: IEAT sells and rents industrial land plots directly to factory operators and developer partners. Revenue is generated from plot sales (one-time) and lease payments (recurring annual). Pricing varies by zone type, location, and estate (e.g., Rubber City plots from 2.9-3.5 million THB per rai for sale; 170,000-320,000 THB per rai per year for rent; Songkhla zones from 295,000-420,000 THB per rai per year; Sa Kaeo from 174,300-209,160 THB per rai per year).
2. Industrial Port and Utility Services: IEAT operates Map Ta Phut Industrial Port and provides public utilities and facilities (water, electricity, drainage, wastewater treatment, roads) to tenants within industrial estates, generating recurring service revenue.
3. Permit and Administrative Service Fees: IEAT charges fees for factory permits, building approvals, environmental authorizations (EIA/EHIA), and other regulatory services through its OSS and TSC one-stop service centers.
4. Environmental Management and Compliance Services: IEAT provides environmental management, safety monitoring, ISO 14001 certification support, PSM (Process Safety Management), and SHEE 2020 compliance services to industrial operators.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The Industrial Estate Authority of Thailand (IEAT) develops, regulates, and operates industrial estates across Thailand, providing industrial land for sale and lease, factory establishment permits, utility and infrastructure services (water, electricity, drainage, wastewater, roads), industrial port operations at Map Ta Phut, environmental management and compliance services, and joint-venture estate partnerships with private developers across 84 estates in 18 provinces.

Product overview

IEAT operates as a comprehensive industrial estate management organization offering a portfolio of services centered on its core One Stop Service Center (OSS). The organization manages 84 industrial estates across 18 provinces in Thailand, providing General Industrial Zones and I-EA-T Free Zones for manufacturing and commercial operations. Specialized offerings include Rubber City Industrial Estate, Sa Kaeo Industrial Estate, and Songkhla Industrial Estate with dedicated zones for logistics, commercial, and rubber industry activities. Supporting infrastructure comprises Map Ta Phut Industrial Port and utilities/services. The TSC (Total Solutions Center) platform delivers electronic approvals, forms, and service tracking. The Eco Industrial Town initiative provides environmental management through SHEE 2020 and ISO 14001 standards. Digital services include procurement platforms, E-Services, and data portals through the Digital Governance framework.

Differentiator

Problem solved

Functional benefit

Brands

• I-EA-T Free Zone: Designated area for manufacturing, commercial or related industrial/commercial purposes with tax and fee privileges as stipulated by law.
• Rubber City
• One Stop Service Center (OSS)
• Total Solutions Center (TSC)

Products and services

• One Stop Service Center (OSS) End-to-end one-stop advisory and permitting service for industrial investors and factory operators, providing land purchase/rental guidance, factory site recommendations, permit approvals, and certificates for factory establishment across IEAT estates.
• General Industrial Zone Designated areas within IEAT industrial estates for manufacturing, services, or other related industrial purposes, equipped with complete infrastructure and utilities.
• I-EA-T Free Zone Designated free zone areas for manufacturing, commercial, or related industrial purposes that grant tax and fee benefits per law, intended for activities beneficial to the economy, state security, public welfare, or environmental management.
• Rubber City Industrial Estate Specialized IEAT industrial estate focused on the rubber industry, offering land for sale (2.7-3.5 million THB/Rai) and rent (170,000-320,000 THB/Rai/Year) across General (BGIZ), Premium (APIZ), Downstream Rubber (DIZ), Midstream Rubber (MIZ), and Commercial (CMZ) zones.
• Songkhla Industrial Estate IEAT-operated regional industrial estate in southern Thailand with land available for rent across 6 zones (CMZ and GIZ) with lease rates ranging from 295,000 to 420,000 THB per Rai per year.
• Sa Kaeo Industrial Estate IEAT-operated regional industrial estate in Sa Kaeo province offering land for rent in Commercial, General, Free Zone, Logistics, and Electrical Substation zones (174,300-209,160 THB/Rai/Year) plus standard factory rentals at 140 THB/sq.m./month for 500 sq.m. and 1,000 sq.m. units.
• Map Ta Phut Industrial Port IEAT-operated industrial port at Map Ta Phut supporting the operations of industrial estates in accordance with Thailand's area development policy, providing maritime logistics infrastructure to estate tenants.
• TSC (Total Solutions Center) Comprehensive service center providing performance standards, electronic approval services, customer service charters, handbooks, forms, investment status reports, service statistics, satisfaction surveys, and E-Services for industrial estate operators.
• Eco Industrial Town Environmental management program providing SHEE 2020 standards, EIA management system, ISO 14001 environmental management system, and Process Safety Management (PSM) for industrial estate tenants.
• Digital Services Platform IEAT's digital governance platform providing electronic procurement (e-GP), E-Service applications, online permit submissions, an open data portal (CKAN OPEN-D), and cyber resilience center services.
• Industrial Land Sales and Rentals Sale and rental of industrial land plots directly to factory operators and developer partners across IEAT's 84 industrial estates. Pricing varies by zone type, location, and estate (e.g., Rubber City plots 2.9-3.5 million THB/rai for sale; 170,000-320,000 THB/rai/year for rent).
• Industrial Port and Utility Services Operation of the Map Ta Phut Industrial Port and provision of public utilities and facilities (water, electricity, drainage, wastewater treatment, roads) to tenants within IEAT industrial estates, generating recurring service revenue.
• Permit and Administrative Service Fees Charges for factory permits, building approvals, environmental authorizations (EIA/EHIA), and other regulatory services provided through IEAT's One Stop Service Center and Total Solutions Center.
• Environmental Management and Compliance Services Environmental management, safety monitoring, ISO 14001 certification support, Process Safety Management (PSM), and SHEE 2020 compliance services provided to industrial operators within IEAT estates.

Quantifiable outcome

• 13,000+ high-skilled jobs projected from Thailand FastPass second cohort (25 projects, USD 6.7 billion)
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered core, major, supporting and minor.

• Thailand FastPass Partner Agencies (8 agencies)coreStrategic or Co-development Partner · 23 June 2026Thailand FastPass integrates 8 government agencies including BOI, IEAT, Department of Industrial Works, and others to cut regulatory approval timelines by up to 50% and mobilize over USD 21 billion in strategic high-tech investment. MOU signing ceremony attended by over 300 foreign diplomats and multinational executives.
• Board of Investment of Thailand (BOI)coreStrategic or Co-development Partner · 23 June 2026BOI works with IEAT under Thailand FastPass to process investment applications. BOI received record USD 54.5 billion in applications in 2025; Q1 2026 applications exceeded USD 30.3 billion. Second FastPass cohort launched 25 projects from 23 companies worth USD 6.7 billion.
• Eastern Economic Corridor (EEC) OfficecoreStrategic or Co-development Partner · 23 June 2026EEC Office collaborates with IEAT on integrated water management and multi-agency coordination for industrial estate development in the Eastern Economic Corridor region (Chonburi, Rayong, Chachoengsao), and coordinates drought/el Niño response measures.
• Pinthong Industrial Park Plc (JV Partner)majorChannel Partner/ Reseller/ Distributor · 19 June 2026Pinthong Industrial Park Public Company Limited is a joint-venture partner operating Pinthong Industrial Estate Project 6 in Rayong Province. The partnership provides 'Professional Industrial Estate Developer' training programs and marketing best practices sharing.
• Energy Service Companies (ESCOs)coreStrategic or Co-development Partner · 11 February 2026Energy Service Companies deploy solar installations, battery storage systems, and EV charging infrastructure within Map Ta Phut and Laem Chabang industrial estates under the World Bank-funded low-carbon transformation program.
• Royal Irrigation Department (กรมชลประทาน)supportingStrategic or Co-development PartnerCollaborates with IEAT on water management, flood prevention, and drought response for industrial estates, particularly in the Eastern Economic Corridor area.
• National Water Resources Office (สทนช.)supportingStrategic or Co-development PartnerCoordinates with IEAT on integrated water resource management for industrial estates, especially for drought (El Niño) preparedness spanning through mid-2027.
• Provincial Waterworks Authority (กปภ.)supportingStrategic or Co-development PartnerPartners with IEAT on water supply management and distribution for industrial estate operations.
• Industrial Estate Developer Training Partners (Universities and Training Institutes)supportingStrategic or Co-development PartnerPartnership with higher education institutions for the 'Professional Industrial Estate Developer' training program (Batch 10), covering 11 sessions, 66 hours, with 63 participants including construction service providers, real estate developers, consultants, and IEAT management.
• Electricity Generating Authority of Thailand (EGAT / กฟผ.)supportingStrategic or Co-development PartnerParticipated in IEAT Hackathon (Open Innovation) event alongside provincial electricity authority (PEA) and Banpu NEXT, focusing on green, sustainability, and FDI platform themes.
• Provincial Electricity Authority (PEA / กฟภ.)supportingStrategic or Co-development PartnerParticipated in IEAT Hackathon (Open Innovation) alongside EGAT and Banpu NEXT, focusing on green, sustainability, and FDI platform themes for industrial estate development.
• Banpu NEXT Co., LtdsupportingStrategic or Co-development PartnerParticipated in IEAT Hackathon (Open Innovation) alongside EGAT and PEA, focusing on green, sustainability, and FDI platform themes including clean energy, industrial waste management, and AI applications.
• Burapha UniversityminorStrategic or Co-development PartnerPresented Eco Factory platform at IEAT Hackathon. Faculty of Public Health contributing expertise on environmental and health topics for industrial estate sustainability.
• Suan Dusit UniversityminorStrategic or Co-development PartnerPresented innovation developed with IEAT that won KIDE 2025 award, contributing to green sustainability themes at the Open Innovation Hackathon.
• Joint-Venture Industrial Estate Developer Partners (69 companies)majorChannel Partner/ Reseller/ Distributor69 joint-venture agreements with private developers including WHA Industrial Development Plc (WHA ESB 3 & 4), Asia Industrial Estate Co Ltd (Asia IE & Asia IE Suvarnabhumi), Pinthong Industrial Park Plc (Pinthong IE Rayong), Rojana Industrial Park Plc (Rojana IE Laem Chabang), Asia Clean Industrial Estate Co Ltd (Asia Clean Chonburi), CG Corporation (CPGC IE), and VNS Property Co Ltd (Bhakasa IE), among others.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Sembcorp Industries: Singapore-based industrial conglomerate with a dedicated industrial park and sustainable urban development arm across Southeast Asia. Comparable in offering integrated industrial estates with utilities, though it operates a broader portfolio beyond Thailand.
• CapitaLand (CapitaLand Development / CapitaLand Investment): Singapore-listed real estate group with a business park and industrial logistics portfolio across Asia. Comparable as a developer/operator of industrial and logistics properties for multinational tenants, though its focus is broader than IEAT's industrial mandate.
• China-Singapore Suzhou Industrial Park Development Group (CSSD): State-linked industrial park developer in China replicating Singapore's integrated industrial township model. Operates industrial parks at a much larger scale than IEAT but is directly comparable in concept: state-driven industrial estate development with integrated utilities and one-stop services.

Direct peers

• Pinthong Industrial Park: Thai-listed industrial estate developer and IEAT JV partner (Pinthong IE Project 6, Rayong). Direct peer in EEC industrial land and factory leasing, particularly for mid-market manufacturers.
• WHA Industrial Development: Thailand's largest privately held industrial estate developer and a major IEAT joint-venture partner (WHA ESB 3 & 4). Operates a directly overlapping industrial land platform on the Eastern Seaboard, competing for the same BOI-driven FDI tenants.
• AMATA Corporation: Thai-listed developer of industrial estates (Amata City Chonburi, Amata City Rayong) serving the same EEC market. Closest direct competitor to IEAT in Thailand for foreign factory operators and a clear benchmark for industrial estate economics.
• Rojana Industrial Park: Thai-listed industrial estate developer and IEAT JV partner (Rojana IE Laem Chabang). Offers comparable industrial land and ready-built factories in the EEC, making it a direct peer in the same operator pool.

Regional players

• PT Jababeka (Jababeka Group): Indonesia's largest listed industrial estate developer (Cikarang, Kendal). Comparable in providing integrated industrial land, factory, and utility services to multinational manufacturers, though concentrated in Indonesia rather than Thailand.
• KIZAD (Khalifa Industrial Zone Abu Dhabi): State-owned industrial zone operator in the UAE under Abu Dhabi Ports, offering integrated industrial land, port, and free-zone services. Conceptually analogous to IEAT in combining state authority, port operations, and industrial land leasing for export-oriented manufacturers.

Emerging players

• Vietnam-Singapore Industrial Park (VSIP): Joint Vietnamese-Singaporean industrial park developer with a model very similar to IEAT's JV structure (state + private developer). Operates industrial estates across Vietnam that compete for the same FDI manufacturers shifting out of China, making it a regional peer for tenant attraction.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/ieat_official
• Facebookfacebook.com/IndustrialEstateAuthorityOfThailand
• LinkedInlinkedin.com/company/industrial-estate-authority-of-thailand

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds1 record

Investors1 record

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M&A

Investments

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Frequently asked questions about Industrial Estate Authority Of Thailand