Phuket Sustainable Transformation Vision and Strategy

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Phuket Sustainable Transformation Vision and Strategy

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Phuket Sustainable Transformation Vision and Strategy

November 26, 2023

UNDP with Prince of Songkla University (PSU), in collaboration with the Phuket provincial office and the Phuket Chamber of Commerce, conducted a study on Phuket Sustainable Transformation Vision and Strategy.  Transformation strategies for the province have been recommended, which tackle the short-term immediate needs and the development of a ‘Better Phuket’ that is less vulnerable to economic shocks, addresses the urgent challenges of climate change and ‘leaves-no-one behind’.  The recommendations include: (i) balancing short and longer-term recovery efforts—including economic diversification; (ii) integrating the economic, environmental and social aspects of recovery to ensure the most effective use of resources; (iii) building on the achievements of the Phuket sandbox; (iv) strengthening public and private investment project planning to focus on priority investments; (v) increasing funding availability to enable the priority investments; and (vi) strengthened private investment marketing.  Capacity development in strategic development visioning, investment project identification and prioritization and investment financing are also recommended.