The Board of Investment of Thailand has urged Thai operators to consider doing businesses in new markets in Kenya, South Africa, Ethiopia and Uzbekistan where trade opportunities remain plentiful.
The BOI said the four countries had potential for investment growth thanks to richness of natural resources, raw materials, labor and availability of Generalized System of Preferences (GSP).
According to BOI deputy secretary-general Chokdee Kaewsaeng, Kenya, which enjoys the fastest economic growth in East Africa and has good transport connectivity, is an interesting option for Thai businessmen wishing to invest in agro-industry, food processing and jewelry.
South Africa, which is one of the biggest rice importers of Thailand, provides an opportunity to operators planning to expand their businesses in the areas of tourism, hotels and services, construction, banking and food industry.
Ethiopia, which enjoys an economic growth of eight percent per year, has been under the spotlight among foreign investors who eye business opportunities in the agro-sector and public utility.
Uzbekistan, the third biggest nation of Commonwealth of Independent States, is deemed tempting to entrepreneurs interested in agricultural or mining industries thanks to the country’s abundance of natural resources.
[ThaiVisaNews]