Thailand Promotes Investment in Eastern Economic Corridor

May 2023

Thailand is aiming to support an annual 5% gross domestic product (GDP) growth with a plan to generate THB 2.2 trillion THB (USD 64.9 billion) investment into five targeted industries within the Eastern Economic Corridor (EEC) by 2026.

The EEC, comprising areas in Chon Buri, Rayong, and Chachoengsao provinces, is Thailand’s hi-tech industry hub. Under the plan, domestic and foreign players will be encouraged to invest in health care, digital, electronics, automobile sectors and industries under the bio-circular-green (BCG) economic model.

The government is in talks with real estate developers to design industrial parks to create the conditions for new projects. Transport and logistics infrastructure development is also planned to help investors in the EEC save operating costs. Examples of projects include a railway to link Thailand’s main gateway, Suvarnabhumi Airport, to the capital’s second international airport at Don Mueang, and U-Tapao Airport near Pattaya.

(Sources: Reuters; Vietnam+)

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