The Eastern Economic Corridor (EEC) Policy Committee in Thailand has approved a new 5-year development plan for 2023-2027.
Key Takeaways
- The Eastern Economic Corridor (EEC) in Thailand aims to attract a significant increase in investment over the next five years, with a target of 500 billion baht.
- The development plan focuses on promoting targeted industries, improving infrastructure, upskilling the workforce, developing modern cities, and ensuring sustainable community development.
- To attract foreign investment, a new visa scheme will be implemented in 2024, offering 10-year visas to investors in the EEC, along with various perks and benefits.
- The EEC is a significant part of Thailand’s strategy to boost growth and attract investment, particularly in high-tech industries, amid a slowdown in the economy.
The plan aims to attract an investment influx of 500 billion baht and increase the…
