BANGKOK, April 25 (Bloomberg): Thailand’s Eastern Economic Corridor aims to boost the nation’s gross domestic product by as much as 2 percentage points a year through infrastructure projects and foreign investment in advanced industries, from 5G technology to electric vehicles.
While the pandemic has disrupted some foreign investment in the industrial hub near Bangkok, the corridor’s 625 billion baht ($20 billion) in infrastructure projects -- including an airport, seaport and high-speed rail -- have supported growth during the pandemic, according to Kanit Sangsubhan, secretary general of the Eastern Economic Corridor Office. He has been leading the special economic zone since its inception in 2017.
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