The Park will serve as a data hub comprised of three zones: an innovation space, a university and digital academy, and a living space
The Thailand Board of Investment (BOI) have announced a public-private partnership plan for Digital Park Thailand (EECD), a key component of the Thai Government’s Eastern Economic Corridor (EEC) development initiative.
Digital Park Thailand is a 115-hectare site strategically located within the EEC. The EEC covers the eastern provinces of Chachoengsao, Chonburi and Rayong, an area of more than 13,000 Km2. The tech-friendly plan is intended to transform the region into a global destination for digital innovators.
Designed to meet the needs of companies looking to establish a presence in ASEAN, Digital Park Thailand will serve as a data hub comprised of three zones: an innovation space, a university and digital academy, and a living space. The park will be equipped with an ultra-high-speed broadband infrastructure powered by CAT, including an international submarine cable station, data centre and satellite earth station, to help meet the technical requirements of global digital companies.
“Digital Park Thailand will be central to Thailand’s future tech innovation ecosystem,” said Chokedee Kaewsang, deputy secretary general of the Thailand Board of Investment. “This park will serve as a hub for start-ups and companies looking to tap into Thailand and ASEAN’s digital economy.”
The Thai government has already launched incentive packages that will reduce regulations, provide exemptions on corporate income tax, and offer additional privileges for investors and digital specialists. Smart visas, for example, will be issued to foreign talents, executives, start-up entrepreneurs and investors for up to four years at a time to simplify the immigration process.
“This park will serve as a hub for start-ups and companies looking to tap into Thailand and ASEAN’s digital economy”
In line with Thailand’s efforts to boost its digital ecosystem, private investors recently launched True Digital Park, another innovation hub which opened in November 2018. That same month, The National Innovation Agency (NIA) of Thailand and True Digital Park announced the launch of Bangkok CyberTech District, an innovation district that will serve as a launchpad for both domestic and international start-ups. True Digital Park also partnered with Google to open its first Learning Centre in Asia by the end of 2018.
In parallel with private sector incentives, BOI approved a new investment promotion category for companies that operate co-working spaces to attract members of the global developer community. This incentive is intended to connect local Thai programmers with foreign ones and encourage digital start-up entrepreneurs and venture capitalists from all over the world to invest in Thailand.
Thailand is consistently ranked at the top of lists for remote workers looking to relocate internationally, and cities like Chiang Mai host annual conferences for digital nomads such as the No-mad Summit, now in its fifth year.
Thailand’s culture of innovation is also being recognised by global experts. According to the Global Innovation Index report, it moved up seven positions to reach 44th place in the ranking. Its efforts in fostering innovation and recent investments in digital infrastructure are intended to help propel the Kingdom to rank within the top 30 by 2030.
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