Thailand Approves $2.7 Billion Investment in Data Centers
Thailand has approved 90.9 billion baht ($2.7 billion) in new investments for data centers and cloud services, further cementing its role as a growing digital hub. The Board of Investment (BOI) announced that three major projects, including a massive 300 MW facility by China’s Beijing Haoyang Cloud Data Technology in Rayong Province, have received approval. Other approved projects include GSA Data Center 02’s 35 MW site in Chonburi and Singapore’s Empyrion Digital’s 12 MW facility in Bangkok.
This surge in data center investments comes amid increased interest from global tech giants. Companies like Google, Amazon Web Services, and Microsoft have committed billions to expanding their Thai infrastructure, while TikTok recently secured approval for a $3.8 billion data-hosting service. BOI Secretary-General Narit Therdsteerasukdi emphasized the importance of digital infrastructure, stating that keeping pace with demand is "essential to Thailand’s competitiveness."
The country has seen a boom in tech-related investments, with foreign firms driving growth in the digital sector. Alongside the data center projects, the government aims to boost economic growth to 3.5% this year through increased exports, tourism, and investment. With initiatives like these, Thailand is positioning itself as a key player in Southeast Asia’s cloud and data industry.
