DEVELOPMENT & INVESTMENT POTENTIAL
Krabi – and Ao Nang – have much to offer the traveller who wants to experience one of southeast Asia’s most diverse and interesting destinations. But from an investor’s point of view, Krabi is also a unique proposition.
Since its opening in 2006, Krabi International Airport has brought the area to a worldwide audience. The number of regional and international flights continues to increase year on year; and new hotels are opening rapidly to cater to the increased demand. A new international terminal is scheduled to open at the end of 2012, increasing capacity by 300% and opening up new cities for direct flights to Krabi. Subsequent years are set to be a boom time for the area.
Relative to other tourist areas in Thailand, Krabi has some of the best infrastructure already in place. The road network is comprehensive and well maintained; public water and electric supply are efficient. Meanwhile, several new shopping malls have brought western goods and services to Krabi and show the level of commercial interest in the area.
Two large international hospitals are in negotiations to open, and there is a small international school. Property prices have responded by doubling over the past five years, but are still far below those in neighbouring Phuket.
Krabi is one of the fastest growing areas in Thailand, with excellent investment potential.
