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Thailand, a promising market for security and safety industry
With an emphasis on attracting foreign investment, the Thai government has launched new plans to combat crime and terrorism to create greater social stability. Budget has been specifically allocated to strengthen city security measures. For example, the government has announced a security upgrade in public buildings including the Bank of Thailand, the Petroleum Authority of Thailand, Royal Thai customs and the new Thai parliament.
Thailand's economic stimulus package of US$3.3 billion is aiming to further develop critical infrastructure and this is also fuelling the demand for security solutions. One of the infrastructure projects is the extension of Bangkok's mass rapid transit (MRT) system and the Suvarnabhumi Airport rail link, which will prompt a high demand for surveillance cameras.