Sunday, April 14, 2024
Sunday, April 14, 2024
Home » Bangkok Promoted as Global Investment Hub

Bangkok Promoted as Global Investment Hub

by Michael Lowe
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Bangkok Governor Chadchart Sittipunt has revealed plans by the Bangkok Metropolitan Administration (BMA) to seek government backing in positioning the city as a multinational corporation hub to foster economic growth. He said aligning BMA policies with government directives would enhance the urban economy and job creation.

Chadchart highlighted the symbiotic relationship between urban centers and job opportunities, emphasizing the important role of international companies in generating employment. He further expressed optimism that the arrival of high-quality corporations would not only enrich the job market, but also benefit various stakeholders including rental property owners, taxi drivers, restaurateurs and farmers.

The governor outlined plans to establish a comprehensive service center aimed at assisting foreign investors and film production crews, citing the potential to attract more foreign income to the capital. He intends to discuss this proposition with the new government.

Collaboration with the Board of Investment (BOI) is also on the BMA’s agenda. With foreign investment trends shifting from industry to service, finance, startup and innovation sectors, Bangkok’s capacity to cater to these sectors has become a crucial asset.

Governor Chadchart commended Bangkok’s overall appeal as a conducive place to reside, highlighting affordable office spaces, international educational institutions and medical facilities catering to multinational personnel. The city’s traffic congestion, new rail route investments and proposed fare caps also remain on his agenda for discussions with the central administration. (NNT)

Source : PattayaMail

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