Sultan Ahmed bin Sulayem chairman of Dubai World presented with Thai Prime Minister Samak Sundaravej, stating the interest of his business group to invest in Thailand’s property sector.
The sultan told Mr. Samak that the UAE prime minister wished to visit Thailand in the near future and thanked the Thai government for allowing his group to conduct a feasibility study for the land bridge project in Thailand, according to Pongthep Thepkanchana, spokesman for former prime minister Thaksin Shinawatra who invited Dubai World chairman to visit Thailand.
Under the project, deep sea ports as well as communication and transport networks would be built to link the Andaman seacoast and the Gulf of Thailand in order to help create jobs in southern Thailand.In particular, the three troubled southernmost provinces of Pattani, Yala, and Narathiwat would benefit directly from rising employment and economic development.
"Dubai is also interested in investing in Thailand's property sector because development in Thailand in the past decade has improved sharply, especially related to infrastructure projects, compared to many other countries," Mr. Pongthep said.
