Thailand Approves $2.7 Billion Investment in Data Centers and Cloud Services

Thailand's investment board announced on Monday the approval of 90.9 billion baht ($2.7 billion) for investments in data centers and cloud services, marking a significant expansion in the country's tech sector.

The approved projects include data centers by companies such as China's Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company GSA Data Center 02.

Beijing Haoyang aims to establish a 300-megawatt data center in Thailand valued at 72.7 billion baht, while GSA Data Center 02 plans to invest 13.5 billion baht in a 35 MW data center.

These projects contribute to the growth of the tech industry in Southeast Asia, accommodating the increasing demand for data storage and processing facilities utilized by businesses.

In related developments, Bytedance's TikTok disclosed its intentions to expand in Thailand, Google affirmed its entry, and Amazon Web Services made its own investment commitment.

Microsoft has also disclosed plans to establish a presence in Thailand's burgeoning tech landscape.