Thailand plans to build a smart city worth $37 billion

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 Thailand Plans to Build a $37 Billion Smart City

Thailand plans to build a “smart city” worth $37 billion in an industrial hub near Bangkok that has already attracted billions of dollars of investment from global companies involved in the automotive, robotics, healthcare and logistics industries.

The unnamed city, officials say, will built over the next 10 years and will be located on an area of ​​2,340 hectares.

The project will consist of five business centers that companies can rent as commercial space. Among them will be a center to host regional corporate headquarters, a financial center, as well as areas for precision medicine, international research and development, and future industries such as clean energy and 5G technology.

New city residential area will be designed to house 350,000 people by 2032 and create 200,000 jobs. Residents will be mainly employed in the industrial zone, which is expected to invest about $60 billion over the next 5 years.

The new city with its business centers could add about $55 billion to Thailand's GDP over 10 years , and the value of assets after the 50-year concession period will increase fivefold, the government said in a statement.

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