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Thailand’s Special Economic Zones (SEZs) contribute to growth and attract investment
The Thai government has made significant progress in developing Special Border Economic Zones (SEZs) across 10 regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, to promote economic growth and attract private investment.
The Thai government has made significant strides in developing Special Border Economic Zones (SEZs) across 10 regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, to stimulate economic growth and attract private investment.
Launched in 2015, the zones have seen substantial infrastructure improvements and investment incentives. Since 2021, under the Prime Minister’s Office, these zones have drawn investments totaling 51.654 billion baht. With 84 Board of Investment projects worth 25.840 billion baht initiated, sectors like automotive and healthcare are flourishing. Additionally, over 7,700 new businesses, primarily SMEs, have been established. Key infrastructure projects boast an 89% completion rate, with further developments planned.
BANGKOK (NNT) – The government has achieved notable progress in developing Special Border Economic Zones (SEZs) across 10 strategic regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, to spur economic growth and attract private investment. Initiated in 2015, these zones have garnered significant attention, with the government enhancing their appeal through investment incentives and robust infrastructure developments.
Managed under the Prime Minister’s Office since 2021, after the dissolution of the initial overseeing committee in 2019, the zones have attracted a total investment of 51.654 billion baht, as reported by the National Economic and Social Development Council (NESDC) in June 2024. Notable achievements include implementing 84 Board of Investment-promoted projects worth 25.840 billion baht, spanning the automotive and healthcare sectors.
Further investments include substantial capital injections into Sa Kaeo and Songkhla industrial estates and the establishment of over 7,700 new businesses, primarily SMEs, across various industries. These enterprises contribute to the dynamic economic landscape within the SEZs.
Significant infrastructure projects have been pivotal, with an 89% completion rate on initiatives designed to enhance transportation, utilities, and customs facilities. Key completed projects include the Tak-Mae Sot Highway, upgrades to Mae Sot Airport, and new customs houses that streamline border operations.
Ongoing developments, such as the Nakhon Phanom Border Transport Centre and the expansion of Aranyaprathet Customs House, scheduled for completion by 2026, are set to boost operational capacities further.
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