# Thailand’s Special Economic Zones (SEZs) contribute to growth and attract investment

- Link: https://www.thailand-business-news.com/economics/150917-thailands-special-economic-zones-sezs-contribute-to-growth-and-attract-investment
- Published: 2024-07-14T18:05:37+07:00
- Author: News Desk

The Thai government has made significant strides in developing Special Border Economic
Zones (SEZs) across 10 regions, including Tak, Sa Kaeo, Mukdahan, and Songkhla, 
to stimulate economic growth and attract private investment.

Launched in 2015, the zones have seen substantial infrastructure improvements and
investment incentives. Since 2021, under the Prime Minister’s Office, these zones
have drawn investments totaling 51.654 billion baht. With 84 Board of Investment
projects worth 25.840 billion baht initiated, sectors like automotive and healthcare
are flourishing. Additionally, over 7,700 new businesses, primarily SMEs, have been
established. Key infrastructure projects boast an 89% completion rate, with further
developments planned.

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BANGKOK (NNT) – The government has achieved notable progress in developing Special
Border Economic Zones (SEZs) across 10 strategic regions, including Tak, Sa Kaeo,
Mukdahan, and Songkhla, to spur economic growth and attract private investment. 
Initiated in 2015, these zones have garnered significant attention, with the government
enhancing their appeal through investment incentives and robust infrastructure developments.

Managed under the Prime Minister’s Office since 2021, after the dissolution of the
initial overseeing committee in 2019, the zones have attracted a total investment
of 51.654 billion baht, as reported by the National Economic and Social Development
Council (NESDC) in June 2024. Notable achievements include implementing 84 Board
of Investment-promoted projects worth 25.840 billion baht, spanning the automotive
and healthcare sectors.

Further investments include substantial capital injections into Sa Kaeo and Songkhla
industrial estates and the establishment of over 7,700 new businesses, primarily
SMEs, across various industries. These enterprises contribute to the dynamic economic
landscape within the SEZs.

Significant infrastructure projects have been pivotal, with an 89% completion rate
on initiatives designed to enhance transportation, utilities, and customs facilities.
Key completed projects include the Tak-Mae Sot Highway, upgrades to Mae Sot Airport,
and new customs houses that streamline border operations.

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Ongoing developments, such as the Nakhon Phanom Border Transport Centre and the 
expansion of Aranyaprathet Customs House, scheduled for completion by 2026, are 
set to boost operational capacities further.

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