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Set in the framework of Thailand 4.0—whose four pillars are Economic Prosperity, Social Well-being, Raising Human Values and Environmental Protection—the 2018 EEC Act, together with the new Smart City initiative, is poised to bring about a highly anticipated economic, infrastructural, technological and social transformation. The combined efforts of different agencies of the Royal Thai Government have attracted FDI to the EEC. Thailand’s Board of Investment (BOI) offers a number of incentives to companies in the technological innovation arena. Incentives available, specifically for Smart City project developers, infrastructure system (for instance, fiber optics and Wi-Fi) developers; and intelligent network developers, include eight years of corporate income tax exemption and other non-tax incentives.

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