Thursday, December 5, 2024

Thailand’s Special Economic Zones (SEZs) contribute to growth and attract investment

The Thai government has made progress in developing Special Border Economic Zones (SEZs) across 10 regions, attracting private investment totaling 51.654 billion baht. Key infrastructure projects are near completion with further developments planned.

Government Development of Special Border Economic Zones

The Thai government has made significant strides in developing Special Border Economic Zones (SEZs) across 10 regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, to stimulate economic growth and attract private investment. Launched in 2015, the zones have seen substantial infrastructure improvements and investment incentives. Since 2021, under the Prime Minister’s Office, these zones have drawn investments totaling 51.654 billion baht. Sectors like automotive and healthcare are flourishing, with over 7,700 new businesses, primarily SMEs, being established.

Progress and Achievements of SEZs

BANGKOK (NNT) – The government has achieved notable progress in developing Special Border Economic Zones (SEZs) across 10 strategic regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, to spur economic growth and attract private investment. Managed under the Prime Minister’s Office since 2021, these zones have attracted a total investment of 51.654 billion baht, with 84 Board of Investment projects worth 25.840 billion baht initiated in sectors like automotive and healthcare. Notable infrastructure projects like the Tak-Mae Sot Highway and upgrades to Mae Sot Airport have contributed to economic growth.

Infrastructure Developments and Future Plans

Key infrastructure projects within the SEZs boast an 89% completion rate, with ongoing developments like the Nakhon Phanom Border Transport Centre and the expansion of Aranyaprathet Customs House set to further enhance operational capacities by 2026. Investment incentives and robust infrastructure improvements have positioned Thailand’s SEZs as attractive hubs for economic activities and private investments.

Source : Thailand’s Special Economic Zones (SEZs) contribute to growth and attract investment

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