EEC investment/Bank of America

Editorial staff

EECO signed a MoU to Bank of America to set strategic collaboration to drive the US investment to EEC.

Chula Sukmanop, secretary-general of the Eastern Economic Corridor Office (EECO), and OrnkanyaPibuldham, country executive of Bank of America, Thailand Branch, signed a Memorandum of Understanding (MoU) between the EEC and Bank of America, Thailand branch. In presence of Lisa Clyde, managing director, global head of corporate banking and leasing, along with the management teams of the two institutions at The St. Regis Bangkok Hotel.

Mr Chula said that this MOU establishes a network and a strategic collaboration between the EEC and Bank of America, which is a leading financial institution with wide ranging expertise and global client base.

The goal of this collaboration is to promote investor confidence and attract investment and investors from the U.S. into the EEC, especially from key industrial clusters such as medical and healthcare, digital, aviation and logistics, among others. Bank of America has expressed its commitment to support the EEC's vision through investment promotion mechanisms for sustainable development in the EEC area.

He said EEC aimed to promote an annual actual investment of 100 billion baht in EEC or 500 billion baht in five years.

“We are delighted to collaborate with the EEC Office on this crucial project, which we think will strengthen Thailand’s position as a preferred destination for global investors in Southeast Asia. We look forward to helping our global and regional clients invest into Thailand across all industries including infrastructure, robotics, automotives and clean mobility,” Mook Pibuldham, Thailand country executive of the Bank of America, said.