Northeastern Economic Corridor

The Northeastern Economic Corridor (Abrv: NEEC – Bioeconomy Thai: ระเบียงเศรษฐกิจพิเศษภาคตะวันออกเฉียงเหนือ) is a special economic zone in Thailand that covers four provinces: Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai. It is expected to serve as a new bio-industry base of the country, with modern technology implemented throughout the production chain.[2] The NEEC focuses on developing a bioeconomy, specifically in the cultivation and production of rice, tapioca, and sugar cane.[3][4][5]

Northeastern Economic Corridor
Special Economic Zone
CountryThailand
RegionNortheastern Thailand
Provinces
Government
 • TypeSpecial economic zone
Area
 • Total
45,742 km2 (17,661 sq mi)
Population
 (2021)[1]
 • Total
6,490,360
Time zoneUTC+7 (ICT)

History

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The Northeastern Economic Corridor (NEEC) was approved as a special economic zone in May 2022 by the National Committee for the Development of Special Economic Zones, which authorized the establishment of four new special economic corridors in an effort to stimulate the economy and decentralize income in Thailand. The NEEC comprises the provinces of Nakhon Ratchasima, Khon Kaen, Udon Thani, and Nong Khai.[5] The cabinet acknowledged and approved the identification of the NEEC as a special economic zone during a meeting on September 20, 2022.[6]

See also

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References

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  1. ^ "Demography Population and Housing Branch". National Statistical Office (NSO). Retrieved February 20, 2023.
  2. ^ "ครม. เห็นชอบการกำหนดพื้นที่ระเบียงเศรษฐกิจพิเศษ 4 ภาค" (in Thai). September 26, 2022.
  3. ^ "State preps perks for new economic corridors". Bangkok Post. May 17, 2022.
  4. ^ Chatrudee Theparat (May 6, 2022). "New regional zones approved by panel". Bangkok Post.
  5. ^ a b "Thai Govt Approves Establishment of Four SEZs". National News Bureau Of Thailand. May 6, 2022.
  6. ^ "Cabinet Meeting Synopsis - Sep 20, 2022". ryt9. September 20, 2022. Retrieved March 8, 2023.