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Thailand agrees 338 billion baht investment in industrial east over 5 years

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Published Tue, Jun 28, 2022 · 07:00 PM
    • The Eastern Economic Corridor (EEC) investments will cover 77 projects, mainly in infrastructure and utilities and create about 20,000 jobs.
    • The Eastern Economic Corridor (EEC) investments will cover 77 projects, mainly in infrastructure and utilities and create about 20,000 jobs. PHOTO: REUTERS

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    THAILAND approved on Tuesday a 5-year investment of about 338 billion baht (S$13.2 billion) in its industrial east from 2023, a government official said, part of efforts to boost the country's long-term growth.

    The Eastern Economic Corridor (EEC) investments will cover 77 projects, mainly in infrastructure and utilities and create about 20,000 jobs, government spokesperson Thanakorn Wangboonkongchana said after a Cabinet meeting.

    The government will invest in 61 projects worth 178.6 billion baht (US$5.09 billion), with the remainder in public-private partnership projects, Thanakorn said in a statement.

    The EEC, which covers 3 provinces east of the capital Bangkok, is a centerpiece of government efforts to boost growth and encourage investment, particularly in high-tech industries. REUTERS

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