3:37 am - Wednesday September 28, 2016

Investment Situation in Phuket

At the practical seminar “Investment Promotion for Economic Stimulation” held by the Ecnomic Investment Center Region 6, Acharin Pattanapanchai, the center’s deputy secretary general acting for the investment advicer of the center, said that Phuket’s economic is relied to tourism industry and businesses that support tourism activities included hotels, hospitals, boat rental, cruises, property, software, and etc. In 2008, Phuket got income from this industry about 87,314 million baht and it bas been estimates to be increased to 95,000 in the next year. Apart from these, the project called Phuket ICT R&D Innovation Paradise would attract more investors from world leading ICT companies to invest here, this would help to generate 40,000 million baht of income on the island within 2011.

Acharin also concluded that there were 122 investment projects approved in Phuket. The investment value was 49,575 million baht. Consequently, 20,158 locals have been hired by those projects. Now , there are 55 of the projects which are under the process. Most of the project are medium and small project with investment fund under 200 million baht, 72 projects are the investments that help to promote tourism industry like cruises, ferries, water par and etc. While around 20 project are related with electronics, software, and agriculture. The rest of them are abalone farms, glove factory, cold storages and food suppliers. From the total 122 projects, 54 projects are owned by Thais, 52 projects are the joint venture between Thais and foreigners, and 16 project are foreigners’ projects.

However, Acharin commented that even the investment situation in Phuket seems to be good but there are factors that can disturb investment in 2010 on the island such as economic situation, politics, basic infrastructure and workforce.

Filed in: Features, Government

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