According to the government, the GDP of this area represents 20 percent of the country’s total GDP
The EEC project will focus on two types of industries:
1) the First S-Curve industries, or sectors in which Thailand already has a consolidated industry and that the government wants to modernize. The 5 targeted industries are next-generation automotive, smart electronics, affluent medical and wellness tourism, agriculture and biotechnology, and food for the future; and
2) the New S-Curve or new sectors that the government wants to target: robotics, aviation and logistics, biofuels and biochemicals, digital, and medical hub.
Some of the budgets planned by the government are :
U-Tapao international airport, 200,000 million baht ($5.7 Bill USD)
Map Ta Phut port, 10,150 million baht ($0.3 Bill USD)
Laem Chabang port, 88,000 million baht ($2.5 Bill USD)
New Cities / Hospitals, 400,000 million baht ($11.5 Bill USD),
Tourism, 200,000 million baht ($5.7 Bill USD),
Industry, 500,000 million baht ($14 Bill USD),
Motorway, 35,300 million baht ($1 Bill USD),
Dual-track railway 64,300 million baht ($1.8 Bill USD)
High-speed train, 158,000 million baht ($4.5 Bill USD)
From the private sector, the country’s largest petrochemical company, PTT Global Chemical (PTTGC.BK) announced a $985 million olefins plant in the EEC in January 2018. Top industrial estate developer, Amata Corporation Pcl (AMATA.BK) increased its sales target last year in the EEC, anticipating more investors. Amata also partnered with Swedish Saab AB (SAABb.ST) to study the development of an aerospace city. The industrial east is already home to foreign auto manufacturers such as Toyota (7203.T), Honda (7267.T) and Ford (F.N), that gave Thailand the moniker, “Detroit of the East”, and also houses petrochemical and electronic companies. (5).