logomain

BANGKOK (NNT) – Thailand expects investment to triple to at least 300 billion baht in the Eastern Economic Corridor (EEC) this year as investment projects previously held by the coronavirus outbreak get pushed forward again as the pandemic eases.

EEC Secretary -General Kanit Sangsubhan said actual investment in the EEC could be up from 96 billion baht in 2020, or 46% of total project applications as investors did not invest last year, and there will be a bunch of projects held up from previous years.

The EEC straddles eastern provinces and is a centerpiece of government efforts to boost growth and encourage investment particularly in high-tech industries. Investors are allowed to rent land for up to 99 years.

Source link

Source link : EEC Expects 300-billion-baht Investment This Year by National News Bureau of Thailand

You May Also Like

Consumer confidence up in June, but still lowest in 21 years

BANGKOK (NNT) – Aid measures, and the fifth phase easing of COVID-19…

Overcrowded Thailand welcomes 34 millionth visitor

Ms. Yu-Chen Wang, the 34 millionth arrival to the Kingdom in 2017…

SET’s New President rolls out four agendas towards Inclusive Growth

The Stock Exchange of Thailand (SET)’s 13th President  has announced the strategic…

Bangkok Tops Mastercard’s Cities Index For The Fourth Consecutive Year

The Global Destination Cities Index—which ranks 200 cities based on proprietary analysis…