# Thailand’s BOI Approves $870 Million in New Investment Projects

- Link: https://www.thailand-business-news.com/investment/228794-thailands-boi-approves-870-million-in-new-investment-projects
- Published: 2025-06-28T10:26:27+07:00
- Author: Akanksha Singh

The Thailand Board of Investment (BOI) at a meeting today approved investment applications
worth a total of 28.6 billion baht (ca. US$ 870 million) in digital infrastructure
and travel sector projects, as well as improved incentives for the use of local 
content in the manufacturing of electric vehicles (EV) and hybrids, as well as electrical
appliances (E&E).

The largest project approved today is Stratus Technology Co., Ltd.’s plan to invest
23.7 billion baht to build a Tier 3 data center with an IT Load of approximately
203 megawatts (MW). The project will be located at the CPGC Industrial Estate, in
Rayong Province. Stratus Technology is an affiliate of China’s ZDATA Technologies
Co., Ltd.

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In recent years, Thailand has attracted large amounts of investments in data centers
and digital services, from companies as diverse as Amazon Web Services, Tik Tok,
and NTT Data, especially in 2024 when that activity became for the first time the
top-ranked sector in terms of investment value. The trend was confirmed in the first
quarter of 2025, which saw a fivefold jump in digital sector applications from the
year earlier period.

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“The momentum of the demand for digital services should ensure that the data center
investments remain a highlight in term of the value of applications this year,” 
Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said after the Board meeting,
which was chaired by the Deputy Prime Minister and Minister of Finance, Mr. Pichai
Chunhavajira.

> “The new incentive package for local content utilization will also contribute 
> to supporting existing part manufacturers during the sector’s transition and help
> integrate them into the broader supply chain.”
> Mr. Narit Therdsteerasukdi, Secretary General of the BOI

The board also approved Thai Vietjet Air Joint Stock Co.,Ltd.’s plan to invest 4.96
billion baht to acquire 6 new passenger aircraft with a combined capacity of 1,134
seats. The new planes will fly on both domestic and international routes, further
reinforcing Thailand’s role as a regional aviation hub.