Singapore, 2 July 2025 – UOB Thailand and Frasers Property Industrial Thailand, the industrial business of Frasers Property (Thailand) Public Company Limited (FPT), have entered a strategic Memorandum of Understanding (MOU) to jointly support industrial investment, trade promotion, and financial facilitation for businesses expanding across Thailand, Vietnam and Indonesia. Amid shifting geopolitical dynamics and an uncertain global trade environment, Southeast Asia continues to present compelling opportunities for industrial growth. According to UNCTAD’s World Investment Report 20251, foreign direct investment (FDI) inflows into Southeast Asia grew to US$225 billion in 2024, an increase of US$20 billion from 2023.
This MOU marks a timely collaboration between two leading institutions to jointly identify and support FDI opportunities, particularly for companies seeking to establish or expand operations in key industrial zones in the region.
Under the agreement:
- Frasers Property Industrial Thailand will provide general support for businesses investing in industrial space on guidance on local policies, regulations, and potential investment opportunities.
- UOB Thailand will offer a suite of financial solutions, including regulatory advisory, project financing, trade facilities, and treasury services, leveraging its extensive regional banking network and expertise in supporting cross-border investments.
Mr Richard Maloney, President and CEO, UOB Thailand, said: “This collaboration with Frasers Property Industrial Thailand is a significant step forward in our shared ambition to catalyse industrial growth across the region. As businesses increasingly look to Southeast Asia for resilient supply chains and strategic expansion, this MOU enables us to jointly identify and support high-potential industrial developments in key markets. By combining UOB’s deep regional knowledge and financial solutions with Frasers Property Industrial Thailand’s robust real estate capabilities, we hope this will unlock new investment opportunities, driving sustainable economic development and strengthening the region’s aim to be a global industrial hub.”
Mr Peerapat Srisukont, Managing Director of Industrial Business, Frasers Property Thailand, added: “With our extensive industrial footprint across Thailand, Vietnam and Indonesia, we are excited to work with UOB to provide seamless support for global manufacturers and enterprises expanding into Southeast Asia. By leveraging our combined expertise and resources, and the broader Frasers Property Group network, we aim to drive sustainable growth and long-term value across the region.”
FPT’s industrial business currently operates over 3.48 million square metres (sqm) of industrial facilities across Thailand, housing 946 factories and warehouses nationwide. In Vietnam and Indonesia, FPT holds 140,000 sqm and 150,000 sqm of industrial space respectively. This strategic collaboration reaffirms both parties’ commitment to enhancing regional connectivity, strengthening industrial development, and enabling sustainable economic growth in ASEAN.
1https://unctad.org/system/files/official-document/wir2025_overview_en.pdf
