Thai Finance Minister Uttama Savanayana said on Friday that Thailand’s Eastern Economic Corridor’s infrastructure projects will change the country’s economic and infrastructure landscape in the next five to 10 years.

At the “EEC Next: Aeropolis and Logistic Hub of ASEAN,” seminar held in Bangkok, Uttama said the Thai government is pushing for many key infrastructure projects for the EEC, which would boost investor confidence in Thailand.

Uttama said Thailand’s investments in railways and high-speed trains connecting Thailand’s three airports, as well as existing infrastructure projects in the EEC, will change Thailand’s economic and infrastructure landscape in the next 5-10 years.

“The government has paved the way for local and foreign investments in the EEC,” said Uttama. “We welcome private investments in Thailand that are able to transfer skills and expertise to Thai people too.”

Uttama told the audience comprising of business leaders and foreign dignitaries that “the attractiveness of investment in Thailand is second to none, given the country’s geographical advantage and open economy.”

The finance minister also encouraged Foreign Direct Investments (FDI) in digital infrastructure.

The EEC is Thailand’s flagship project meant to spur private investments, boost growth and transform Thailand into a high-tech economy rather than relying on cheap labor.

Source: China ASEAN Business Council