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Economy

Thailand scrambles for tech investment

Junta eyes outside help in escaping 'middle-income trap'

Thai Prime Minister Prayuth Chan-ocha urges foreign investors to open their wallets at a seminar in Bangkok on Feb. 15.

BANGKOK Aiming to become a developed economy by 2036, Thailand is scrambling to lure more tech-related investment into the country.

One of the most ambitious projects is a large-scale special economic zone set to be developed on the eastern seaboard. Spanning three provinces, the economic zone has a budget of 1.5 trillion baht ($42.8 billion), to come from public and private infrastructure funds.

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