BANGKOK, 8 May 2017 (NNT)
The Ministry of Digital Economy and Society has moved forward with its Digital Park Thailand project by drafting up the types of businesses the park will support and attracting foreign investors.
Digital Economy and Society Minister Pichet Durongkaveroj has let on that last week’s Eastern Economic Corridor (EEC) meeting approved the set up of Digital Park Thailand within the corridor as way to support investment and development of digital technology.
The digital ministry has been told to draft up all details of the project and its criteria for investment so that the process of attracting investors may begin. The details are to be presented at the next EEC meeting.
The park is to located on a 700 Rai plot of land in Sri Racha district of Chonburi province. Up to 70 percent of the plot will be private companies while the government will retain the rights to 30 percent of the land. Major companies already being persuaded to set up offices at the park include Facebook, Google and Amazon. Those that set up at the park will have their taxes waived for 8 years and receive a 50 percent discount for the following 5 years. They will also have the choice between a steeped tax system or a fixed rate of 17 percent.
A delegation of industrial groups and business people from Hong Kong has already arrived in Thailand to discuss the park.
Picture: Digital Park Thailand (credit: Ministry of Digital Economy and Society, Thailand)
Source: National News Bureau of Thailand