3 January 2024 at 06: 17 isPUBLISHED.
The establishment of the EEC Business Centre and Livable Smart City, which are anticipated to generate more than 200, 000 jobs, was approved by the Eastern Economic Corridor ( EEC ) Policy Committee on Tuesday.
According to government official Chai Wacharonke, the EEC intends to become one of the world’s bright places by 2037 and a regional hub for business and finance by the year 2027.
A 5,795 ray area in the Bang Lamung area of Chon Buri may be developed as part of the project’s initial phase, with an estimated 535 billion baht investment.
According to him,” The EEC Business Centre and Livable Smart City are designed to handle 350 000 people from all income organizations and make more than 200 000 work with career fair 1.2 trillion ringgit and about 150 to 300 start-ups in targeted businesses.”
Within ten times, Mr. Chai predicted that this will spur economic growth and raise GDP to 2.2 trillion ringgit.
The EEC Policy Committee, according to him, also emphasized the significance of attracting funding for specific industries and associated ones, such as clear energy, digital technologies, transportation, human resource development, and global exploration.
The EEC Business Centre and Livable Smart City initiative, which is intended to make Thailand more appealing to foreign shareholders, has received full support from Prime Minister and Finance Minister Srettha Thavisin, according to Mr. Chai.
Phumtham Wechayachai, a deputy prime minister and minister of commerce, presided over the EEC Policy Committee’s meeting on Tuesday.
A document five-year EEC development program from 2023 to 2027 to bring 500 billion baht worth of investments, or an average of 100 billion per year, to the region was endorsed by the EPEC Policy Committee in November of last year.
The strategy outlines five growth strategies, including increasing the effectiveness and usage of infrastructure and public power systems, as well as encouraging investment in specific industries and future services.