BOI is Doing Everything to Ensure More Foreign Investments in Thailand

As you already know that the Board of Investment (BOI) in Thailand has always been keen on encouraging foreign investors, this time they went a little ahead of what they usually do to ensure Thailand becomes an ASEAN Investment and Technology Hub. The BOI has taken to introducing a new regional’s economic hub under the Eastern Economic Corridor Scheme. The project includes expansion of the U-Tapao International Airport. However, the EEC Scheme is presently in the process of getting approval from the National Legislation Assembly. It is expected that it will be implemented by the end of 2017.

In the first meeting with the EEC Development Policy Committee, the Prime Minister Gen. Prayuth Cha-o-cha, has agreed on establishing the ‘Aeropolis’ within the periphery of the U-Tapao International Airport in order to promote the EEC. According to the proposed project, three business groups have been targeted for development, including a Specialized Medical Center, the Sattahip Commercial Port, and defense technology. Similarly, the meeting has agreed to conduct a study on the feasibility of linking high-speed train system to Suvarnabhumi, U-Tapao airports and Don Mueang, so as to maximize the benefits of the ‘eastern aviation city’ or ‘Aeropolis’ to the rest of the country.

If you are a foreigner and thinking of investing in Thailand’s market, this is probably the right time to take some action. The Thai government is fully supporting international investors in the aforesaid target industries, striving to gain sustainable development goals, provide continuous support to the SMEs and add a better quality of life. You need not worry about the workforce as the government itself seems to be boastful about their skilled professionals available in the market. In addition, the best efforts are being put to mitigate all the investment obstacles while offering attractive incentives to the foreign investors.