BOI Approves Expansion of Stimulus and EEC Investment Measures

BANGKOK (NNT) - The Board of Investment (BOI) has approved the expansion of investment stimulus and the period for promotion measures in the Eastern Economic Corridor (EEC) zone to support Thailand’s economic recovery.

Prime Minister Gen Prayut Chan-o-cha chaired a recent meeting of the BOI, during which the board reported on the results of investment stimulus measures filed from January to November of this year. During this period, applications were submitted for 69 projects valued at 284 billion baht.

The prime minister urged all agencies to work towards attracting more investment in Thailand while boosting public sentiment, as he reaffirmed the focus of government policies on environmentally friendly business operations to drive the Bio-Circular-Green Economic Model (BCG).

The meeting reviewed and agreed on the following points:

1. Approval of investment stimulus measures for high-tech businesses and projects with actual investments of no less than 1 billion baht within 12 months of promotional certificates being issued.

2. Approval for the extension of investment promotion measures in the Eastern Economic Corridor (EEC), also known as the Eastern Special Development Zone (ESDZ), until the end of 2022, with the exception of projects located in five special development zones.

3. Approval of the Yothi Medical Innovation District as an investment promotion zone.

4. Approval of the Asian Institute of Technology (AIT) and the Center for Transferring Applied Technologies to SMEs under the Thailand Institute of Scientific and Technological Research (TISTR) as science and technology zones.