THB 500 billion target for Thailand’s Eastern Economic Corridor over next 5 years

The Government of Thailand eyes an investment target of THB 500 billion (around $13.7 billion) for its Eastern Economic Corridor (EEC) over the next five years, focusing on industries such as electric vehicle development, medical services, biotechnology infrastructure, and digital industries. 

To help bolster foreign investments in the EEC, Thailand’s Commerce Ministry has pledged to address long-standing obstacles, including finalizing a high-speed railway project that will link the EEC to the country’s three major airports: Suvarnabhumi, Don Mueang, and U-tapao. 

The EEC is geared to attract foreign investments in Thailand’s 10 target industries and its ‘Thailand 4.0 initiative.’ These include the following industries: automotive, electronics, petrochemical, agriculture and food, tourism, automation and robotics, aerospace, digital, biotechnology, and medical and healthcare.

The EEC is also focused on improving existing connectivity, envisaging linking the EEC through the Laem Chabang seaport to other ports in the GMS, such as Cambodia’s Sihanoukville port, and Vietnam’s Vung Tau port.