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Thailand approves $2.7 billion of investments in data centres and cloud services 

Thailand has approved a significant 90.9 billion baht ($2.7 billion) investment in data centers and cloud services, marking another milestone in the country’s growing tech sector. The investment will support several major projects, including data centers from China’s Beijing Haoyang Cloud&Data Technology, Singapore’s Empyrion Digital, and Thailand’s own GSA Data Center 02.

Beijing Haoyang plans to build a 300-megawatt data center worth 72.7 billion baht, while GSA Data Center 02 will invest 13.5 billion baht in a 35 MW facility. These investments come as Southeast Asia experiences a surge in demand for data infrastructure, driven by the rise of AI and the need to store and process massive amounts of data.

In January, TikTok’s parent company, Bytedance, revealed plans to set up a data hosting service valued at 126.8 billion baht in Thailand. This follows major investments by global tech giants.

Google announced a $1 billion commitment to Thailand, while Amazon Web Services is investing $5 billion over the next 15 years. Additionally, Microsoft will open its first regional data center in the country.

These developments highlight Thailand’s growing role as a key hub for digital infrastructure in Southeast Asia.

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BRL Editorhttps://businessreviewlive.com
Business Review Live covers finance, technology, travel, lifestyle, and everything in between through exclusive interviews and analysis, market statistics, digital video, and an expanded array of content formats.