The Thai government plans to invest US$ 90 billion over the next 5-10 years to develop various infrastructure projects to promote Thailand as an ASEAN hub
Infrastructure In Thailand
The Thai government plans to invest US$ 90 billion over the next 5-10 years to develop various
infrastructure projects to promote Thailand as an ASEAN hub in boosting connectivity within
Thailand is a country of 67.4 million people and one of the founding member states of the
Association of South East Asian Nations (ASEAN). ASEAN comprises 10 nations in South East
Asia with a combined population of around 500 million people. In 2015, it will become the
ASEAN Economic Community (AEC).
To accommodate the launch of the ASEAN Economic Community (AEC) and the economic
expansion of the Greater Mekong Subregion (GMS), the Thai government plans to invest US$
90 billion over the next 5-10 years to develop various infrastructure projects to promote Thailand
as an ASEAN hub in boosting connectivity within the region. Some immediate projects to be
implemented over the next 5 years include water and flood prevention management,
Suvarnabhumi Airport expansion, Laem Chabang Port expansion, inter-city motorways, high
speed trains, national rail network upgrade. A more detailed report, including project values, is
available from UK Trade & Investment Thailand.
There are business opportunities for UK companies with products and expertise in the following
ξ Water Resources Management and Flood Prevention
ξ Mass Transit System Expansion Project
ξ High Speed Train Project
ξ Suvarnabhumi Airport Expansion Project
ξ Laem Chabang Port Expansion Project
ξ Inter-city motorways
ξ National rail network upgrade
Latest export opportunities in the Mass Transport sector
Latest export opportunities in the Construction sector
Latest export opportunities in the Water management sector
Latest export opportunities in Thailand
Getting into the market
Although Thailand offers good business opportunities, this does not mean that Thailand is the
right market for every company. Initial research is crucial to assessing your prospects. Thais like
to build relationships with potential business partners, so it is not a market where you are likely
to send a few brochures and wait for the orders to roll in. But for those ready to do the initial
research and develop relationships with Thai companies, the opportunities are clearly there.
It is very important that British companies appear to have a local presence in Thailand, either
through local representatives, a representative office, or joint venture companies. Such a
presence shows that British companies are serious about the market and are willing to provide
local technical support to their partners and customers. The Thai market is still price-oriented.
Technical support is the second most important issue after pricing.
How to Do Business
When visiting Thailand, research the market and the companies you intend to contact.
ξ Many Thai companies have websites - some in English. Much information is therefore
readily available on both government and corporate websites.
ξ Plan your visit - organise appointments before you depart the UK. Follow up with
telephone calls on arrival to confirm availability. Meetings can be arranged over
breakfast, lunch or dinner.
ξ Arrange a market discussion with the relevant Commercial Officer at the British Embassy
ξ Take plenty of business cards and corporate literature.
ξ Follow up meetings by letter/e-mail on return to the UK. If possible, keep the Embassy
informed of progress.
ξ Do not expect to do business immediately or necessarily on the first visit to Thailand.
ξ Think about intellectual property rights issues.
ξ Get professional legal advice on setting up a local company and research business
partners thoroughly. Due diligence investigations are strongly recommended.
This websites also offer useful guidelines to doing business in Thailand:
The Board of Investment - www.boi.go.th
More about doing business in Thailand
Market intelligence is critical when doing business overseas, and UKTI can provide bespoke
market research and support during overseas visits through our chargeable Overseas Market
Introduction Service (OMIS).
To commission research or for general advice about the market, get in touch with our specialists
in country - or contact your local international trade team.
ξ Attakorn Saropala, British Embassy Bangkok. Tel: +66 (0)2305 8237 or email:
ξ Wannarat Charoensri, British Embassy Bangkok. Tel: +66 (0)2305 8286 or email:
Contact your local international trade team
UKTI runs a range of events for exporters, including seminars in the UK, trade missions to
overseas markets and support for attendance at overseas trade shows.
Latest events in the Mass Transport sector
Latest events in the Construction sector
Latest events in the Water Management sector
More about OMIS and other UKTI services for exporters