Pattaya, Nong Nooch Gardens –
The Thai Board of Investment (BOI) has partnered with the Thai Subcontracting Promotion Association (Thai Subcon), Informa Markets, and the Eastern Industrial Network to organize “SUBCON Thailand: The East 2024.” This event, held for the third consecutive year, aims to increase investment in Thailand’s Eastern region, including Pattaya.
The event, taking place from September 4th-6th, 2024, brings together advanced manufacturing technology and solutions. It is expected to generate business connections valued at over 3 billion baht according to the organisers.
The opening ceremony was presided over by Mr. Narit Therdsathirasak, Secretary-General of the BOI along with multiple guests and business partners.
Mr. Narit emphasized the Eastern region’s strategic importance to Thailand’s economy, particularly in investment, trade, and tourism. He stated that the region boasts robust infrastructure, including deep-sea ports, international airports, logistics systems, telecommunications, electricity, water supplies, and industrial estates.
In the first six months of 2024, the Eastern region saw 625 investment promotion requests, totaling 211,569 million baht, which accounts for 46 percent of the country’s total investment, said Narit. The region supports the highest investment value in Thailand, especially in the automotive and electric vehicle sector, electrical appliances and electronics, and petrochemicals and chemicals clusters.
Mr. Chanin Khaochan highlighted the Eastern region’s over 40 industrial estates and the association’s role in supporting manufacturers of industrial parts for subcontracting.
The association is confident that “SUBCON Thailand: The East 2024” will be a giant step in upgrading the Thai industrial sector in the Eastern region, preparing it for many future changes.
