Thailand Aims to Attract 2.2 trillion Baht of Investment to EEC in 5 years

[snoop1130]

Image: Google

 

BANGKOK (NNT) - The Eastern Economic Corridor Office (EECO) has revealed that over the past 4 years, Thailand has been able to attract more than 1.9 trillion baht of investment to the EEC special economic zone.

 

The office now aims to increase the figure to 2.2 trillion baht over the next 5 years, especially in the fields of healthcare, robotics, automation, aviation & logistics, the 5G wireless technology, and Bio-Circular-Green (BCG).

 

Kanit Sangsubhan, the EECO Secretary-General, expects the operations in the EEC for the next five years to be more fluid as various infrastructures have already been laid down. Currently, investors from the technology, medical, and communications sectors are interested in doing business in the economic zone.

 

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Chokchai Panyayong, a Special Advisor on Infrastructure Development of the EECO, said that the office already completed main Public-Private Partnership projects, generating at least 655.8 billion baht of investment. Of that figure, 36% was from the state, with an estimated return on investment of about 440 billion baht.

 

He also reported that the high-speed rail project linking the three main international airports will be operational in 2026, the construction of the Utapao international airport will be completed in 2025, and the development projects for Map Ta Phut and Laem Chabang piers will be finalized by 2026.

 

-- © Copyright NNT 2022-05-26

 

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[rbkk]

Moderna wanted to invest in a production facility there. Someone didn't want it and Anutin didn't even bother replying to their proposal, allegedly.

[bkk6060]

They have the new highway, an airport, golf courses and not far from Pattaya/Rayong.

Lots of land available to build a huge economic center with surrounding services, hotels, etc.

If they plan and don't blow it, I bet by 2030 this area could be start to be a smaller version of Silicon Valley.  Should be interesting to see how it plays out.

Edited May 26, 2022 by bkk6060

[RichardColeman]

I'm guessing THIS is why they want to keep the wages down of the unwashed and uneducated poor

[hotchilli]

13 hours ago, snoop1130 said:

The Eastern Economic Corridor Office (EECO) has revealed that over the past 4 years, Thailand has been able to attract more than 1.9 trillion baht of investment to the EEC special economic zone.

Come bail us out, we can't do it alone.

[hotchilli]

13 hours ago, rbkk said:

Moderna wanted to invest in a production facility there. Someone didn't want it and Anutin didn't even bother replying to their proposal, allegedly.

Protectionism at work?

[mikebell]

It's taken nearly three years to fix Sukhumvit Road from Sattahip to near Pattaya and it's not even 50% complete.

[rbkk]

I know a Thai couple who both work there. He works on the line at Ford and she works at a motorbike headlight factory. They drive a new 4-door ranger and the New Year bonuses for both used to be 3 months salary (Pre Covid-19).

[StayinThailand2much]

Why stop at trillions? Why not quadrillions?