The Thai government announced a daring vision for 2025, which assumes economic expansion and increased foreign investment. By specializing in sectors reminiscent of future industries, AI data centers, electric vehicles, precision agriculture and food technology, public investment is predicted to exceed 700 billion baht.
Key conclusions
- The Thai government has set an ambitious agenda for 2025 to spice up economic growth and attract significant foreign investment, specializing in five sectors: industries of the longer term, AI data centers, electric vehicles, precision agriculture and food technology. Public investment in these sectors is predicted to exceed 700 billion baht.
- Key projects include two hyperscale AI data centers and a semiconductor supply chain investment geared toward increasing capabilities in artificial intelligence, 5G, IoT and semiconductor manufacturing. These initiatives will create jobs and raise investment thresholds for large-scale projects, encouraging economic activity and ensuring long-term advantages.
- Tourism stays key to Thailand’s recovery plan, with campaigns reminiscent of ‘Lovely Thailand’ promoting unique experiences. The Tourism Authority plans to extend revenue by 7.5% by engaging in 23 global markets and celebrating Thai-China relations. The efforts also emphasize sustainability, strengthening Thailand’s leadership in responsible tourism.
Improved incentives and streamlined regulations aim to draw investors and increase Thailand’s global competitiveness. Key projects include the establishment of two hyperscale AI data centers value 60 billion baht and a 6.15 billion baht investment within the semiconductor supply chain in Chachoengsao.
Additionally, Thailand is prioritizing the event of green technologies and renewable energy, allocating significant resources to solar and wind energy projects. The government can also be supporting innovation through partnerships with global technology corporations, aiming to position the country as a regional center for cutting-edge industries. These initiatives are complemented by workforce development programs that aim to equip local talent with skills in artificial intelligence, robotics and advanced manufacturing, ensuring sustainable growth and long-term economic resilience.
These ventures aim to construct expertise in artificial intelligence, 5G, Internet of Things and semiconductor manufacturing, while supporting job creation. The government has raised investment thresholds for large-scale projects to stimulate significant economic activity. Tourism stays key to recovery efforts, with the Tourism Authority of Thailand (TAT) targeting revenue growth of seven.5%. By promoting unique cultural experiences and responsible tourism, Thailand seeks to position itself as a regional leader in trade and sustainable development.
