Wednesday, August 05, 2020

Kingdom still attractive to foreign investors thanks to top-notch logistics, technology, agriculture

Jun 19. 2020
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By THE NATION

Thailand, especially the Eastern Economic Corridor (EEC), will recover quickly from the Covid-19 crisis because the country can draw investment from its readiness in logistics infrastructure, technology, medical industry as well as capacity to grow food, the EEC Office said.

Lasamon Atthapis, secretary general of the EEC Office, said investment in the corridor will recover within the next two to three years.

“Within three years, total investment should climb to the Bt300 million target, thanks to Thailand’s capacity to draw foreign investors and their interest in shifting manufacturing bases owing to the US-China conflict and the virus situation,” she said.

She added that Thailand has been a manufacturing base for Japanese companies for a long time, and this is one of the key attractive points for investors, as they can continue their businesses using Thailand’s knowhow.

She added that she has spoken to several investors and they all agreed that Thailand’s transportation infrastructure was ready for the operation of logistics. “Our roads linked up and our ports, especially Laem Chabang, are prepared for expansion,” she added.

“Apart from transport and logistics, Thailand is also prominent in technology,” she said, adding that there are plans for mobile networks to work in every part of the country and will cover 50 per cent of EEC within 2021. “The network will be used in factories, smart cities and other places people in the future live,” she added.

Lasamon also said that Covid-19 has produced investment opportunities for Thailand in food, bio-technology and medical industries. She said that since the pandemic posed obstacles to logistics in other countries, food producers like Thailand came into the spotlight in terms of food security and creation of functional edibles.

Thailand has also been outstanding in fighting Covid-19 and this is beneficial in drawing investment in medical products and services.

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