UOB Thailand and Frasers Property Industrial Thailand have entered into a strategic Memorandum of Understanding (MOU) to promote industrial investment, trade, and financial support for businesses in Thailand, Vietnam, and Indonesia. The collaboration aims to capitalize on the growth opportunities in Southeast Asia amid global geopolitical shifts.
The agreement involves Frasers Property Industrial Thailand providing guidance on local policies, regulations, and potential investment opportunities for businesses investing in industrial spaces. UOB Thailand will offer financial solutions such as regulatory advisory, project financing, trade facilities, and treasury services through its regional banking network.
"This collaboration with Frasers Property Industrial Thailand is a significant step forward in our shared ambition to catalyse industrial growth across the region," said Richard Maloney, President and CEO of UOB Thailand. He emphasized the importance of this MOU in identifying high-potential industrial developments by combining UOB's regional knowledge with Frasers Property's real estate capabilities.
Peerapat Srisukont, Managing Director of Industrial Business at Frasers Property Thailand, expressed excitement about working with UOB to support global manufacturers expanding into Southeast Asia. He highlighted the combined expertise and resources aimed at driving sustainable growth and long-term value in the region.
Frasers Property Industrial currently operates over 3.48 million square meters of industrial facilities in Thailand and additional spaces in Vietnam and Indonesia. This partnership underscores both parties' commitment to enhancing connectivity and fostering economic growth within ASEAN.