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Last updated : Nov 2009
 
Phuket Business Profile
Phuket Business Overview - TravelPuppy.com
Phuket Economy

Phuket has mainly depended on tourism for much of its income for the past 25 years. There are a number of hotels, restaurants, tour companies, and souvenir shops on the West Coast of the island. However, tourism is by no means the island's only activity.

Tin has been mined on the island from time immemorial; however, the demand for the metal has declined. Offshore tin dredging has decreased in the past few years, by zoning regulations designed to help protect the coral reefs and beaches of the west coast. Old tin-mines on land, meanwhile, are being converted from unsightly scars in the landscape to beautiful resort hotel developments, golf courses, yacht marinas and bungee-jumping facilities.

Agriculture
is essential to a great amount of people, and covers by far the most part of the island. Main crops are rubber, cashews, coconuts and pineapples.

Rubber, first introduced from Malaya back in 1903, came to define much of the local landscape. Rubber plantations are still much in evidence, but with soaring real estate values and the boom in tourism has meant that land is being turned to other uses.

Prawn farming has taken over much of the east and south coasts. Pearl farming is also an important resource. Phuket's fishing port is filled at all times, and processing of fish makes an influential contribution to the economy.

With so many industries supplying income, construction has become a principal factor in employment. It ranges from large public works projects, office buildings and hotels, and housing estates with hundreds of units, down to single family homes, condominiums and apartments.
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