This signifies the trust both Thai and Israeli partners have in the future of Thailand and its competent industries. The Southeast Asian country is enjoying a quick improvement in political stability and economic outlook with strong network of manufacturers and suppliers, competent workforce, and, advantageous geographic location being the contributive elements. Moreover, with the launch of the ASEAN Economic Community or AEC later this year, the 65 million people of Thailand will soon be joined by the entire ASEAN population, making this an expanded economy of 625 million people. The Thai economy will consequently be stimulated in all respects. More people from all levels of wealth will flow into and through Thailand, resulting in higher residential and infrastructure demands and more opportunities for TMDC.
The joint venture is uniquely positioned to benefit from these new possibilities, thanks to the combined technical and financial strengths of the two partners. Major Development was established in 1999 and became listed in the Stock Exchange of Thailand in 2006. The company has completed 24 projects so far with combined value of 47 Billion Baht. These accomplishments in prime locations of Thailand have won them the “Best Developer (Thailand)” Award at the 2014 South East Asia Property Awards and the 2014 Thailand Property Awards.
Bringing 80 years of experience in infrastructure, civil engineering and public project construction is Danya Cebus from Israel. Listed in the Israeli Stock Exchange since 2000, the company is highly experienced in advanced construction techniques and execution of complex projects for the Israel government, law enforcement and defence, as well as private sectors. Their partnership with global entities means their engineering excellence is deployed in many more locales outside of their own home country including North America, Russia and Eastern Europe.
TMDC is now actively engaged in its intended business initiatives in Thailand. Among the first commissioned work is Canapaya Residences – a 57 storey riverfront condominium building on Rama 3 Road. The 44,000 square meters project is set to offer luxury living in one of Bangkok’s most desirable and convenient districts for both business and pleasure. TMDC is also in the final stage of tenders for more private sector development projects in Thailand.