Incentives
Soft Infrastructure
The provision of physical infrastructure will be complemented by other elements necessary to provide an environment conducive to business – including the provision of funding and incentives, provision of an environment enabling accreditation reaching international standards, building human capital and improving public-sector delivery.
Financial Incentives
Financial incentives will be designed to encourage companies to undertake promoted activities. These are as follows:
- Agricultural sector
- Modern and commercial-scale farming, animal husbandry, aquaculture and deep sea fishing
- Land management amalgamation
- Conducting farming or other production activities by organising rural communities
- Manufacturing sector
- Downstream agriculture activities such as food processing, downstream palm oil (e.g. oleochemicals) and rubber wood or rubber products
- Higher value-add E&E activities such as design and R&D
- Local companies supplying to MNCs (e.g. automotive, E&E and biotechnology sectors)
- Oil & Gas
- Biotechnology
- Sustainable materials, e.g. bio-plastics, fibre made from agricultural waste and plastic-fibre composites
- Automotive
- Services sector
- High-end tourism – world-class resorts, holiday or retirement homes, attractions
- Organised, high-quality handicraft production
- Art production centres and art galleries
- Medical tourism
- Cross-border logistics services (particularly between Thailand, Sumatera and the Northern Corridor)
Incentives offered are financial incentives, which includes grants and venture capital funding and also fiscal incentives.