BANGKOK - Thai Prime Minister Paetongtarn Shinawatra on Wednesday emphasized her government's dedication to an investor-friendly environment to strengthen confidence as an effort to drive Thailand's economic expansion.

Speaking at an investment forum held by the country's Board of Investment (BOI), Paetongtarn said that key infrastructure initiatives, including high-speed rail systems, airport expansions, and the further development of the country's largest Laem Chabang Port, are all designed to solidify Thailand's position as a regional logistics hub.

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She also underscored Thailand's focus on high-tech industries such as semiconductors, digital services, and data centers, stressing the importance of investing in technology education and attracting global talent. The government is enhancing the ease of doing business by streamlining regulatory frameworks and strengthening investor support services, she said.

"In the new global economy, nations must adapt quickly to technological changes and sustainability demands," said the prime minister. "Thailand is fully committed to being at the forefront of these shifts, with a clear strategy to attract high-value investments and build a thriving innovation ecosystem."

According to BOI, Thailand has witnessed a surge in investment applications, reaching a 10-year high of 1.13 trillion baht ($33.4 billion) in 2024, a 35 percent increase from the previous year. This growth has been fueled by significant foreign direct investment in data centers, cloud services, and advanced electronics manufacturing.

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The Thai government is targeting more foreign investment to boost economic growth. The Finance Ministry said in January that the economy is expected to accelerate to a 3 percent growth in 2025 from 2.5 percent in 2024, supported by private consumption, exports and tourism.