BOI adds 17 projects worth over THB121 billion to Thailand FastPass
The latest 17 projects from 15 companies span four targeted industries and will create jobs for more than 14,000 Thai workers.
- Thailand's Board of Investment (BOI) has added 17 new projects from 15 companies to its Thailand FastPass program.
- These projects represent a total investment of more than THB121 billion and are expected to create over 14,000 jobs for Thai workers.
- The investments are spread across four key industries, with electronics and electrical appliances receiving the largest share (over THB83.9 billion).
- With this addition, the Thailand FastPass program now encompasses 42 projects in total, valued at more than THB344 billion.
A Government House report stated that the latest meeting of the Board of Investment (BOI) was held on Friday (September 11, 2026), chaired by Finance Minister Ekniti Nitithanprapas in his capacity as BOI chairman.
The meeting advanced investment initiatives and set promotion policies considered important to the country’s next phase of economic development.
It continued proactive efforts to restructure the Thai economy and attract foreign direct investment (FDI), approved the inclusion of further projects in Thailand FastPass and revised the BOI’s strategy with the aim of raising investment’s share of gross domestic product (GDP) from 20% to more than 30%.
Among these proactive measures, Thailand FastPass is a key mechanism for assisting investors and accelerating actual investment.
Most recently, the BOI selected a further 17 projects from 15 companies for Thailand FastPass.
Together, they represent investment of more than THB121 billion and will create jobs for more than 14,000 Thai workers across four targeted industry groups:
- Electronics and electrical appliances: 10 projects worth more than THB83.9 billion.
- Processed food: two projects worth more than THB24.3 billion.
- Animal feed: two projects worth more than THB8.8 billion.
- Automotive and parts: three projects worth more than THB4.3 billion.
These are in addition to 25 projects from 23 companies, worth more than THB223 billion, that entered Thailand FastPass during the initial phase.
All 25 projects have received investment promotion approval.
Of these, 11 obtained all required permits within the service-level agreement (SLA) timeframe, while more than THB21 billion has already been invested.
Thailand FastPass now covers 42 projects worth more than THB344 billion in total and will create employment for more than 27,000 Thai workers.
The mechanism will help strengthen the capabilities of Thai industries and lead to technology transfer in the future.
Beyond Thailand FastPass, the BOI under Ekniti’s leadership has substantially revised its investment promotion direction following a consultation session in July.
Under the new approach, every project seeking investment promotion must demonstrate the value it will create, the industry it will support and how it will be implemented.
This shifts the BOI towards linking incentives to tangible value generated for the national economy.
The BOI’s new strategy focuses on promoting industries that offer future opportunities based on Thailand’s strengths and global trends.
At the same time, it will gradually reduce support for low-value-added activities or those that do not generate sufficient benefits.
It will also establish joint key performance indicators (KPIs) with relevant agencies under the “Joint KPI” framework to monitor actual investment.
The broader objectives are to drive annual economic growth above 3%, place Thailand among the top 20 for competitiveness, increase investment to more than 30% of GDP and make Thailand a high-income country within 12 years, in line with the government’s targets.
