In line with its Thailand 4.0 goals, the Land of Smiles has been on an active lookout for foreign investors willing to finance projects under this initiative.
Chinese e-commerce giant, Alibaba has entered into a strategic partnership with the Thai government. It is representative of the growing collaboration between Alibaba and the Thai government. Two years prior, the duo signed a Letter of Intent, which established the foundation for joint efforts to boost the capacity of Thai entrepreneurs in gaining access to new markets and capitalising on digital innovations.
The seaside province of Rayong, located on Thailand’s eastern gulf coast is well known for its tranquil holiday beaches, crystal clear waters and a dazzling selection of fresh tropical fruits from nearby fruit orchards. The picturesque town is the perfect place for a weekend’s escapade – 180 kilometres from the hustle and bustle of Bangkok or just a two and half hour drive away. However, Rayong may not be a getaway from the fast-paced urban lifestyle for much longer.
Thailand is set to develop more smart cities following their pilot project involving three cities. Deputy Prime Minister, Prajin Jungtong said in a speech in November 2017 that the aim is to have 100 smart cities within two decades to improve the quality of life in urban centres. The three cities involved in the pilot smart cities programme are Phuket, Chiang Mai and Khon Kaen.
In 2017, the Thai government launched Digital Park Thailand which is set to become a premier destination for digital business leaders, innovators and disruptors. The park is anticipated to serve as an “incubator” for digital businesses in the Southeast Asian region.Digital Park Thailand strategically spans an area of over 113 hectares in the Chonburi province which is also part of Thailand’s Eastern Economic Corridor (EEC).
Thailand’s military government is looking to start construction of projects under a 1.5 trillion baht (45 billion dollars) investment plan before the country’s possible return to democracy late next year.Enabling laws for the so-called Eastern Economic Corridor initiative should be in place by the end of 2017 to bolster investor confidence, and construction of some of the planned infrastructure could begin next year, Kanit Sangsubhan, the secretary-general of the office overseeing the plan, s