Bangkok, Thailand – Thailand’s Board of Investment has approved six major projects worth 958 billion baht, with TikTok securing the largest share for a massive expansion of its data infrastructure.
TikTok Dominates the Billion-Baht Sum
Three of the approved projects focus on data centers and data hosting, together accounting for 913.8 billion baht. This underscores the current strong emphasis on digital infrastructure.
The largest project comes from TikTok Systems (Thailand) Co., Ltd., valued at 842.35 billion baht across Bangkok, Samut Prakan and Chachoengsao. The plan involves expanding server facilities.
More Storage, More Training
According to the BOI, the TikTok project aims to strengthen Thailand’s role as a strategic center for data storage and processing. It will also serve the growing demand from users in the region.
Additionally, TikTok intends to build programs for digital literacy and e-commerce training. This is expected to create new business opportunities for Thai entrepreneurs and improve the country’s digital workforce.
Further Projects in Chachoengsao and Chonburi
Two other major projects have also been approved. Skyline Data Center and Cloud Services, part of the UAE-based DAMAC Group, may invest 46.9 billion baht in Chachoengsao with an IT load capacity of 200 megawatts.
Bridge Data Centres IIO (Thailand) Co., Ltd. received the green light for another data center in Chonburi. The project is valued at 24.6 billion baht and will have an IT load capacity of 134 megawatts.
BOI Bets on FastPass and Clean Energy
Outside the digital sector, the BOI approved projects in recycled plastics, wind power and potassium chloride production. BOI Secretary General Narit Therdsteerasukdi said Thailand continues to attract strong interest in digital and high-tech industries despite global economic uncertainty.
“Thailand draws strong interest in digital and high-technology sectors despite global economic uncertainty.”
said Narit Therdsteerasukdi. The BOI is also working with partner agencies on better infrastructure, power supply and clean energy systems, and is accelerating investments through the Thailand FastPass program.