Investment/UOB & EEC

Editorial staff

UOB Thailand and Thailand Eastern Economic Corridor Office (EECO) join forces to drive investment into Thailand.

UOB Thailand announced that it would collaborate with the EECO to attract and facilitate investments into Thailand’s flagship economic development zone.

Both parties recently signed a memorandum of understanding, reinforcing Thailand’s position as a premier destination for international investors while supporting the country’s long-term economic growth goals through UOB’s extensive network in the ASEAN region.

Under this collaboration, UOB and the EECO leverage their combined expertise and resources to provide tailored financial solutions and advisory services to international investors. Together, they aim to streamline the investment process, enhance ease of doing business and promote key industries identified in Thailand’s economic development strategy.

These industries include next-generation automotive, medical and healthcare, digital and innovation, and green economy and services.

Richard Maloney, president and CEO of UOB Thailand, said: “Our collaboration with the EECO is a testament to our commitment to making meaningful contributions to Thailand’s economic growth. By aligning with EECO’s mission, we would provide end-to-end support for local, regional and international investors, ensuring that Thailand remains a leading hub for innovation and development in the region.”

The partnership will include joint initiatives such as investment promotion campaigns, roadshows for investors, and the establishment of a dedicated support team through the Bank’s Foreign Direct Investment Advisory (FDIA) Unit to address investment-related inquiries efficiently.

Since 2020, UOB’s FDIA Unit has facilitated over 450 companies expand into Thailand, generating more than 45 billion baht in projected foreign investments and creating over 31,000 meaningful job opportunities.

Chula Sukmanop, EECO's secretary-general, said: “Our partnership with UOB underscores the importance of collaboration between public and private sectors in achieving Thailand’s economic aspirations.”

“UOB’s strong presence in Thailand and extensive network in ASEAN region will be instrumental in connecting the EEC with potential investors. This collaboration will enhance our ability to offer comprehensive financial solutions, not only for local projects but also to tap into UOB’s diverse and growing client base. Together, we aim to attract high-value investments which contribute to sustainable growth and create opportunities for local communities.”

The EEC, which encompasses Chonburi, Rayong and Chachoengsao, has become a focal point for investment in Southeast Asia due to its strategic location, world-class infrastructure and business-friendly policies.

This collaboration will further enhance Thailand’s appeal by ensuring that investors receive seamless banking services, comprehensive investment guidance and access to government incentives.