Mr. Chula Sukmanop, Secretary-General of the Eastern Economic Corridor (EEC) Policy Committee, provided an update on the progress of the Aviation City project at U-Tapao. He stated that by mid-2025, the construction of U-Tapao Airports infrastructure, including the second runway and the high-speed train project connecting the three airports (Don Mueang, Suvarnabhumi, and U-Tapao), will take concrete steps forward. The Notice to Proceed (NTP) is expected to be issued in April. The U-Tapao Airport project can proceed independently without waiting for the high-speed train project.
Regarding investment in the EEC, Thailand is expected to benefit significantly from the relocation of Chinese manufacturing bases. To attract new investments and retain existing investors, Thailand must develop key competitive advantages. Currently, Singapore and Vietnam are strong competitors, making it essential for Thailand to enhance its strategic position. This includes clearly defined target areas, a skilled workforce in high-tech industries (such as electrical and electronics engineers and service sector workers), and a well-developed transportation system, including infrastructure and utilities. Additionally, regulatory processes, such as permit applications, must be simplified to improve ease of doing business.
The focus remains on 12 target industries, with expected growth in sectors such as electronics, semiconductors, data centers, automotive, and medical industries.
Source: Daily News, February 22, 2025 (Afternoon Edition)
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