The value of Thailand construction market is forecasted by GlobalData to grow by 2.1% in real terms in 2023, having decreased by 3.9% in 2022. A key growth market will be the infrastructure market, with output rising by 3.6% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Thailand during Q3 2023, according to GlobalData’s construction projects database.
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1. Rayong Sakura Project
The project involves the expansion of a chemical complex in Rayong.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The project intends to meet the growing demand for polyvinyl chloride (PVC) and caustic soda products in the Southeast Asia (SEA) region which is expected to grow around 3.5% and 4.7% CAGR respectively for the next couple of years. Buy the profile here.
2. Landmark @Grand Station Condominium Tower
The project involves the construction of a 23-story condominium tower comprising 988 units at Ram Inthra Road, Khanna Yao District, Bangkok.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2026.
The project aims to provide better residential facilities in the region. Buy the profile here.
3. Romm Convent Residence
The project involves the construction of 32-story building in Bangkok.
Construction work started in Q3 2023 and is forecast to complete in Q4 2026.
The project aims to provide residential facilities to the people in the region. Buy the profile here.
4. Supalai Loft Ratchada-Wongsawang Condominium Development
The project involves the construction of three condominium towers comprising 1,302 condominiums units in Ratchadaphisek Road, Bang Sue District in Bangkok.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2024.
The project aims to provide better residential facilities in the region. Buy the profile here.
5. Thai-Chinese Rayong Industrial Zone Printed Circuit Board Manufacturing Plant
The project involves the construction of a printed circuit board manufacturing plant with a production capacity of 1,000,000 per annum in Rayong.
Construction work started in Q3 2023 and is expected to be completed in Q1 2025.
The project aims to meet the growing demand for printed circuit boards in the region. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
