Bangkok, 3 February 2025-UOB Thailand announced today that it would collaborate with the Eastern Economic Corridor Office EECO, to attract and facilitate Investments into Thailand s flagship economic development zone. Both parties signed a Memorandum of Understanding on 3 February, reinforcing Thailand-s position as a premier destination for international investors while supporting the country's Iong- .term economic growth goals through UOB-s extensive network in the ASEAN region.
Under this collaboration, UOB and the EECO willeverage their combined expertise and resources to provide tailored financial solutions and advisory services to international investors. Together, they aim to streamline the investment process, enhance ease of doing business and promote key industries identified in Thailand's economic development strategy. These industries include next-generation automotive, medical and healthcare digital and innovation, and green economy and services
Mr Richard Maloney, President and CEO, UOB Thailand, said , "Our collaboration with the EECO is a testament to our commitment to making meaningful contributions to Thailand-s economic growth By aligning with EECO's mission, we would provide end-to end support for local, regional and international investors ensuring that Thailand remains a leading hub for innovation and development in the region.:"
The partnership will include joint initiatives such as investment promotion campaigns, roadshows for investors, and the establishment of a dedicated support team through the Banks Foreign Direct Investment Advisory (FDIA Unit to address investment-related inquiries efficiently. Since 2020, UOB-s FDIA Unit has facilitated over 450 companies expand into Thailand, generating more than 45 billion baht in projected foreign investments and creating over 31,000 meaningful job opportunities
Mr Chula Sukmanop, Secretary-General, Eastern Economic Corridor Office, stated, "Our partnership with UOB underscores the importance of collaboration between public and private sectors in achieving Thailand's economic aspirations. UOB's strong presence in Thailand and extensive network in ASEAN region will be
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