Davos 2025: Important Updates for Real Estate Investors in Thailand
March 10, 2025
From January 20-24, 2025, the World Economic Forum was held in Davos, where Thailand's Prime Minister Paetongtarn Shinawatra presented the country's development strategy. We have analyzed the key statements and their impact on the real estate market.
Three Competitive Advantages
"Thailand stands out with its strategic location in the region and status as the second-largest economy in Southeast Asia, boasting world-class infrastructure and industrial complexes," — emphasized the Prime Minister, presenting the country's key directions:
1.Advanced Agriculture and Food Production
Thailand deservedly bears the title of "Kitchen of the World": the country is one of the world's leading food exporters. The government is actively modernizing this sector, implementing AI, robotics, and precision agriculture to improve product quality, reduce waste, and increase yields.
2.Creative Economy and Global "Soft Power" Influence
Thailand positions itself as a destination for stress relief, where people from around the world come to rejuvenate and create vibrant memories. Special emphasis is expected to be placed on developing medical and wellness tourism, increasing this sphere's contribution to the country's economy.
3.Sustainable Development Sector Based on the Bio-Circular-Green Economic Model (BCG)
The government actively supports green technologies, including the development of electric vehicles and environmentally friendly data centers. By 2040, it plans to increase the share of renewable energy sources to 50%, focusing on solar, wind energy, and biofuels.
Technology Sector Development
Thailand is also expanding investments in transport and digital infrastructure to develop high-tech industries: from cloud technologies to data centers and semiconductor production.
During the forum, the Prime Minister held meetings with representatives of technology giants. Google President Ruth Porat reported that the center under construction in Chonburi province will begin operations within two years. The company also plans to expand production of its products in Thailand. Salesforce President Sebastian Niles expressed readiness to participate in the government's policy to modernize "Cloud First" public services.
It's important to note that in 2024, the country attracted more than $4.8 billion USD in investments for data centers and digital infrastructure development.
Impact on the Real Estate Market
Thailand's strategic development directions, presented at the Davos forum, create new opportunities for real estate investors. Plans to develop medical and wellness tourism indicate growing potential demand for premium resort properties and apartments near medical centers.
The expanding presence of technology giants Google and Salesforce is creating new growth points in the market: demand for office space and quality housing for employees.
The country's "green" development course stimulates the emergence of energy-efficient real estate projects. Investments in digital infrastructure development in 2024 confirm the government's serious intentions to create a comfortable environment for international business.
In Conclusion
The Thai Prime Minister's speech at the World Economic Forum showed a clear vision for the country's future. The three key directions — development of the food industry, creative economy, and "green" technologies — are supported by concrete steps and large-scale funding, creating a reliable foundation for real estate investments.
The emphasis on these new directions makes this the ideal time to enter this promising market. Are you interested in learning more about premium real estate in Thailand? Get in touch with our team for a detailed consultation.