Thailand Emerges as a Favorite Pick for Data Centre Investors
In July, the Board of Investment (BOI) announced the approval of 37 data center and cloud service projects, totaling an investment of 98.5 billion baht. The majority of these projects are situated in Bangkok, Samut Prakan, Chonburi, and Rayong.
In recent years, these companies have announced investments and are actively undertaking projects to develop digital infrastructure in Thailand. Their efforts aim to enhance technological capabilities and support the growth of the country’s digital economy.
Additionally, domestic companies such as True Internet Data Centre, Internet Thailand, and GSA (a joint venture between Gulf, Singtel, and AIS) have also made significant investments in this sector.
Government initiatives, such as Thailand 4.0 and the Eastern Economic Corridor (EEC), have played a pivotal role in fostering a favorable investment climate. These programs aim to modernize the nation’s economy, emphasizing innovation and technology, which are critical for the data center industry. Tax incentives, improved infrastructure, and streamlined regulations have also contributed to Thailand’s rise as a competitive player in this sector.
As the global data center market continues to grow, Thailand’s proactive approach and strategic advantages position it as a key contender in the race to meet Southeast Asia’s digital needs. Investors are increasingly recognizing the potential of this emerging market, making Thailand a hotspot for future data center developments.
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Thailand Emerges as a Favorite Pick for Data Centre Investors, source
