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Friday, December 6, 2024

New EEC Secretary-General Aims to Raise 2.2 Trillion Baht in Investments by 2027

The Eastern Economic Corridor (EEC) Policy Committee has appointed Mr. Chula Sukmanop as its new secretary-general. Mr. Chula is determined to bring significant investments of 2.2 trillion baht into the EEC area by 2027. The EEC covers the provinces of Rayong, Chonburi, and Chachoengsao, and the committee head aims to offer special benefits in terms of land usage, workforce, streamlined regulations, and additional incentives to encourage investors.

To achieve his goal, Mr. Chula has announced plans to restructure the 12 S-Curve industries, which are the core of the EEC development plan, in his first three months in office. The new categories will be based on the needs of investors, with a focus on improving convenience. The new categories will include modern automotive, smart electronics, agriculture and biotech, food processing, higher-income tourism, and health tourism.

The EEC policy committee will work with the Thai Chamber of Commerce, the Federation of Thai Industries, and other related agencies to plan mutual roadshow events abroad. These events will initially target the Asian markets to promote the opportunities available in the EEC area.

Private investments in infrastructure projects will begin this year, including the high-speed rail airport connector project and the development of U-Tapao International Airport and the Eastern Airport City. Mr. Chula believes that these investments will lead to sustainable economic growth, improve living standards, and create new job opportunities in the region.

The EEC development plan is a strategic initiative by the Thai government to turn the eastern provinces of Thailand into a leading economic zone in Southeast Asia. The plan aims to attract foreign investment and promote innovation in high-value industries, particularly those related to advanced technology and modern manufacturing. The EEC is expected to become a hub for international trade and transportation, creating new opportunities for businesses and boosting economic growth in the region.

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