Business owners in Thailand are making plans to revive the popular resort located in the eastern part of Pattaya. These businesses are planning to take advantage of the Eastern Economic Corridor project of the government which is considered to be a special economic zone. There are many plans for the EEC with high expectations because of the proposed huge infrastructure projects. When everything is completed, the best residence in Pattaya will be a hot commodity as well.
The main focus of the EEC is industries that will promote technological advancements such as automation and aviation. Over 1.5 trillion baht or equivalent to $45 billion has been invested to be used as funding for the infrastructure projects. There are going to be deep-sea port, road, airports and high-speed railways included in the list. These projects are expected to improve greatly the connectivity of the whole area.
According to Thai Chamber of Commerce’s chairman, Kalin Sarasin, Pattaya is soon going to be declared as the heart of the eastern part of Thailand. This will be made possible by the constructions of the high-speed railway, the expansion of the U-Tapao airport and the connectivity around the EEC. Aside from these, many attractions can be found around Pattaya which will attract foreign travellers as well as local tourists in the years to come.
Pattaya is a coastal city located in the eastern shore. The completion of the EEC will make it the tourism centre in the eastern part of the nation. The city will be able to compete with other cities in Asia such as Bali, Indonesia and Phuket, Thailand which is in the southern part.
The plan is in line with the expectations of the government in terms of growth. The TCC shared that the tourism industry employs about 52 per cent of the total labour force in Thailand for 2017. During that same year, the total amount of revenue coming from the industry has increased to 2.5 trillion baht while the number of tourists that visited the country has increased to 35.4 million. With these plans, it comes as no surprise that the best residence in Pattaya is currently one of the highest in demand in the market.