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Tuesday, May 7, 2024

Chinese, Saudi investors ‘show interest’ in Thailand’s Land Bridge mega-project

“Executives of many other Chinese EV makers sought to meet the prime minister personally. This is a very good sign,” Kriengkrai said.

He said he expects more EV makers from China to invest in Thailand in the future, in addition to suppliers of parts and accessories, including battery and electronic equipment.

Over the first eight months of this year, BoI has received applications from foreign investors for 801 projects in the form of foreign direct investment (FDI) – a 52% increase from the same period last year.

The total FDI amount for those projects is 365.2 billion baht, a 73% increase from the same period last year, according to the agency.

Chinese investors account for the largest number of projects – 228 – with an investment of 90.3 billion baht.

Thailand’s Land Bridge project is designed to link planned deep-sea ports in Ranong on the Andaman coast and…

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