HNA Group has plans to invest in the $43 billion Eastern Economic Corridor (EEC), an infrastructure development project in Thailand, according to South China Morning Post.
HNA Innovation Finance, a unit of Chen Feng’s privately held HNA Group, will establish a fund with CT Bright, the investment unit of Thailand’s largest conglomerate CP Pokphand, to invest in the Southeast Asian project.
Thailand’s goal is to develop its eastern provinces into a leading regional hub for technological and manufacturing services with strong connectivity to its ASEAN neighbors by land, sea and air. The government hopes to complete the EEC by 2021.
