BANGKOK, March 22 (TNA) –The management of the Eastern Economic Corridor project emphasizes that the project has restored Thailand’s status as a major economic center of Asia and it expects to seal contracts for five major investment projects within next month.
Kanit Sangsubhan, secretary-general of the Eastern Economic Corridor Office, said that the EEC performed greatly in promoting 10 target industries in its project sites in Chachoengsao, Chon Buri and Rayong provinces in the past two years.
“EEC creates a big investment base in Thailand. It opens the door to economic development and investment in high-technology industries and helps drive the Thai economy… It is freeing Thai people from the middle-income trap and providing the people with sustainable and higher income and well-being,” he said.
According to Mr Kanit, EEC helps double investment through the Board of Investment from 300 billion baht in 2017 to 600 billion baht in 2018. The economic growth rate rose from 3.3% in 2016 to 4.2% in 2018 and private investment has increased for three years.
The EEC Office will seal five big investment projects within April. They will draw 650-billion-baht investment in five years and increase overall investment in the EEC to 1.5 trillion baht within the period. The EEC will create about 450,000 jobs in five years. (TNA)
