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INSIGHTS

Gov’t, private spending to drive Thai security

Gov’t, private spending to drive Thai security
While Thailand’s economy has performed with tepidness, with the World Bank suggesting this year and next year’s growth would be 2.5 and 2.6 percent, respectively, growth in security has been more noticeable – with many companies citing double digit growth expected for this year. A main reason for this is an anticipa
While Thailand's economy has performed with tepidness, with the World Bank suggesting this year and next year's growth would be 2.5 and 2.6 percent, respectively, growth in security has been more noticeable – with many companies citing double digit growth expected for this year.

A main reason for this is an anticipated spending increase by Thailand's military government, which has allocated budgets for infrastructure development and expansion. The move is expected to give the country's security industry a boost.

“The current government is striving hard to move Thailand forward and is pushing through infrastructure projects such as rail, which requires comprehensive security systems,” said Henny Beeber, CEO of AES...
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