The EEC development plan and Thailand 4.0 are components of a USD 54 billion government plan to transform the country’s conomy.
Those investing in the EEC are eligible to receive land leases for 50 years plus a 49-year extensions and special tax perks along with ther incentives.
Work on select EEC infrastructure projects, including sea and road links, has lready begun.
Thailand 4.0 targets ten industries with the focus on transforming the country into a alue-add economy.
To attract new foreign investment, Thailand 4.0 aims to create a skilled Thai workforce as opposed to one that is labour ased.
The government revealed it expects the economy to grow by 3.5 to 4 percent this year, a figure that is higher than World Bank stimates.
Prime Minister Prayut Chan-o-cha approved a study of Japan’s Kansai national strategic special zone to possibly serve as a blueprint for the EEC.