Thailand is planning to build a $37 billion smart city in an industrial hub near Bangkok that’s already drawn billions of dollars of investment pledges from global automotive, robotics, healthcare and logistics companies.
A master-plan to build the city in Huai Yai subdistrict of Chonburi province, some 160 kilometers (99 miles) southeast of Bangkok, was approved by a panel chaired by Prime Minister Prayuth Chan-Ocha on Monday. The yet-to-be-named city will be spread over 14,619 rais (2,340 hectares) of land and will cost 1.34 trillion baht ($37 billion) over the next 10 years, officials said.
The project will comprise five business centers for companies to rent as commercial areas, Kanit Sangsubhan, secretary-general of the Eastern Economic Corridor, told reporters. These will include a hub to house regional headquarters of firms, a financial center, and areas for precision medicine, international research and development, and future industries such as clean energy and 5G technology, he said.
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