Thailand market developments & projects 

Country facts at a glance:

  • The authorities in Thailand target GDP growth of 4.1% in 2023, as while an expected global economic slowdown will depress demand for exports, the easing of the COVID-19 pandemic would support a tourism recovery

  • Net FDI inflows for Q1 2022 reached over USD 441 million which is an increase by 32.3$ Q-q-Q and 63.7% Y-o-Y, while export turnover reached USD 23.63 billion at the start of Q3, a year-on-year increase of 4.3%

  • Eastern Economic Corridor (EEC) Act comes into effect in 2019 in Thailand, followed by investment incentives by local Public-Private Parnetship (PPP) EU’s Board of Investment (BOI), and China’s One Belt One Road (OBOR) initiative, making Thailand’s EEC the most attractive investment zone in ASEAN

  • One of the world’s most visited countries and tourism with strong exporting sector looking to revitalize as pandemic regulations ease

  • 4th largest ASEAN population at 69 million and 2nd largest economy in ASEAN with USD 520 billion

  • 15 Completed Smart Cities thus far in multiple provinces and many more ongoing smart city projects still in development, such as Ban Chang (Chonburi Province and Bang Lamung (Chonburi)

Projects by region

STTH EEC Zones Website Update - 1
STTH EEC Zones Website Update - 2
STTH EEC Zones Website Update - 3

Market Overview

Projects by vertical markets