BoI: Thailand set to become ASEAN hub
The Board of Investment says new investment in the aviation sector has risen substantially in the first 10 months of this year, signalling Thailand is coming closer to its goal of becoming an aviation hub in ASEAN. Secretary-general Hiranya Suchinai said the applications submitted by foreign aviation businesses to the BoI in the first 10 months had a total value of 22.9 billion baht from 22 projects. Thailand recently launched a policy to promote investment in high-technology businesses, including aviation-related sectors for the first time this year as part of the government’s ambition to push Thai industries into Thailand 4.0 and promote Thailand as ASEAN’s aviation hub. Of the total investment value, 16.5 billion baht was from 17 aviation logistics and airline businesses, 616 million from three aviation parts makers and 5.7 billion from three aviation tyre production project.
