Friday, August 14, 2020

Somkid seeks US investment for Thai Silicon Valley

Jul 02. 2020
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By The Nation

Deputy Prime Minister Somkid Jatusripitak today (July 2) met with US ambassador Michael George DeSombre to discuss collaboration in the Eastern Economic Corridor’s Thai Silicon Valley project.

Set to launch in the next year, Thailand’s own Silicon Valley will attract start-up businesses and research institutions to the government’s flagship infrastructure project on the eastern seaboard. 

“I told him [DeSombre] that we can be a base of production, services and finance in the region,” Somkid said. 

“Thailand also has potential in the medical industry and we want the US to be our partner,” he added.

DeSombre said collaboration between the two countries would strengthen Thailand’s economy and boost investment from US businesses.

Thailand has the potential to become a supply chain of Southeast Asia, the ambassador added.

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