Bangkok’s Bhumibol 2 Bridge connects the city center with the highway south to the industrial area of Chonburi Thailand is planning to build a $37 billion smart city in the industrial heart of the so-called Eastern Economic Corridor in Chonburi province, southeast of the capital Bangkok, that has already attracted significant investment promises from global auto, robotics, healthcare and logistics companies. The as-yet-unnamed city will be built in the Huai Yai district of Chonburi province, some 160 kilometers southeast of Bangkok. The master plan was approved by a panel chaired by Prime Minister Prayuth Chan-o-cha of Thailand…
Thailand is planning to build a $37 billion smart city in the industrial heart of the so-called Eastern Economic Corridor in Chonburi province, southeast of the capital Bangkok, that has already attracted significant investment promises from global auto, robotics, healthcare and logistics companies.
The as-yet-unnamed city will be built in the Huai Yai district of Chonburi province, some 160 kilometers southeast of Bangkok. The master plan was approved on July 11 by a panel chaired by Prime Minister Prayuth Chan-Ocha. Bangkok Post.
The project, which will include five business districts covering more than 2,340 hectares, will cost 1.34 trillion baht ($37 billion) to build over the next decade, officials said.
Five dedicated business districts
Each region will play a different role – one will be the regional headquarters of global companies, another will be a financial center, another will be a center for precision medicine, another will be an international R&D center, and another will be dedicated to the industry of the future , such as clean energy and 5G broadband technologies.
The New Town residential complex will be designed to accommodate 350,000 people by 2032, 200,000 of whom may find direct jobs in the city. Eastern Economic Corridor secretary-general Kanit Sangsubhan estimates that residents will be mainly those employed in industrial areas, which will attract about 2.2 trillion baht ($61 billion) in investment over the next five years.
Make up for the recession due to the Covid-19 pandemic
“The new city will be suitable for a new generation to live in and operate as a commercial hub. We created this new project to make up for lost income in Thailand during the pandemic,” he added.
The new city and its business activities will add about 2 trillion baht ($5.5 billion) to Thailand’s gross domestic product over a decade, while the value of assets will increase fivefold after a 50-year concession period, the government said . a statement.
