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Nation strengthens role as Southeast Asia’s emerging digital and AI hub.
Thailand has approved 90.9 billion baht ($2.7 billion) in investments in data centers and cloud services as another key milestone in the country's technology expansion, the Board of Investment (BOI) said on Monday.
The approved investments are from Beijing Haoyang Cloud & Data Technology of China, Empyrion Digital of Singapore, and GSA Data Center 02 of Thailand. Beijing Haoyang will invest in a 300-megawatt data center worth 72.7 billion baht, while GSA Data Center 02 will build a 35 MW data center with an investment of 13.5 billion baht.
The boom in AI has propelled a cloud computing infrastructure boom that has led to Southeast Asia's data center developments in an unprecedented fashion. Thailand, being the second-largest economy in the region, is becoming increasingly attractive for foreign tech investments.
This new announcement comes on the heels of a string of significant investments in Thailand's digital economy. In January, ByteDance's TikTok announced a 126.8 billion baht data hosting center in the country. Google invested $1 billion last year, and Amazon Web Services (AWS) pledged a 15-year, $5 billion investment. Microsoft has also agreed to set up its first regional data center in Thailand.
The investments reflect the country's growing position as a regional digital hub because of favorable investment policies and the increasing demand for cloud services. Technology leaders are giving high priority to Thailand as a strategic hub for AI, data storage, and cloud growth, increasing its importance in the industry.
With accelerating innovation in cloud infrastructure, AI technology, and data protection, Thailand will become Southeast Asia's hub for data-driven innovation with increased foreign investment from technology leaders.
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