Thailand’s construction market is estimated to reach up to USD 41.4 billion by 2016, with about USD 17.9 billion coming from private investments and about USD 23.4 billion from the public sector, which includes the infrastructure segment. Thailand’s construction market is therefore driven by public investments as government spending continues to focus its efforts in developing a robust transportation system. With public transit lines currently under construction, Bangkok’s city center is gradually expanding, according to a research paper published by Solidiance. The approval to develop the Eastern Economic Corridor will further support Thailand’s position as a major economic zone in ASEAN.
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