Hong Kong-based property developer, New World Development (NWD) Co, has expressed interest in exploring investments in various sectors within Thailand, including digital finance, biotechnology, and the Land Bridge megaproject worth 1 trillion baht.
During a meeting at the Government House, Prime Minister Srettha Thavisin and Adrian Chang, NWD’s executive vice-chairman and CEO, discussed potential business opportunities. Mr. Srettha highlighted the significance of the meeting as an initial step towards enhancing future collaboration. He welcomed NWD’s recognition of Thailand’s investment potential and assured support from the government to facilitate their investment endeavors.
The topics deliberated during the meeting, particularly concerning investment, arts, culture, and tourism, will be further reviewed by the government. Mr. Srettha emphasized the government’s aim to make 2025 a monumental year for tourism by organizing various cultural events, concerts, festivals, and an international motor racing series throughout the year.
Mr. Cheng from NWD expressed the company’s keen interest in investing across various sectors to build business partnerships in Asia. Recognizing Thailand’s potential in infrastructure, digital finance, and medical advancements, NWD aims to contribute to the country’s development initiatives.
The collaboration is expected to create opportunities for cooperation with other countries in the region. Government spokesman, Chai Wacharonke, highlighted NWD’s interest in investing in projects like the Land Bridge, digital finance, and medical development within Thailand. Additionally, NWD aims to supply products to biotechnology firms in Thailand, fostering medical tourism.
The government is eager to explore potential investment avenues with NWD, and detailed discussions will be held by the Board of Investment. Mr. Srettha also anticipates that the upcoming events in the following year will enhance the value of intellectual property assets in the region.
