Legal Market Overview
Thailand’s Eastern Economic Corridor continues to be a major undertaking driven by the government, aided by the private sector, with the intention of transforming the country’s infrastructure and transportation capabilities. The country’s energy market is active and varied, with conventional energy still a force in the economy while renewable energy, especially rooftop solar, is in the ascendency.
Foreign direct investment and tourism are key drivers of growth within the Thai market. These crucial sectors, however, have been affected by the COVID-19 crisis and the advent of a nationwide lockdown. This has had consequences for airlines, hotels, and local business, especially in the capital Bangkok. The Thai economy began to open up in June 2020 but investors, businesses, and lawyers still wait to see what the outlook will be for the economy in the next year to come.