# Thailand’s BOI Greenlights $2 billion in new Tech Investments and Extends Incentive Package

- Link: https://www.thailand-business-news.com/politics/172644-thailands-boi-greenlights-2-billion-in-new-tech-investments-and-extends-incentive-package
- Published: 2024-11-02T18:35:14+07:00
- Author: Abhishek Prakash

**Thailand’s Board of Investment approved $2 billion in new projects, including 
Google’s $968 million data center. It also reinstated investment incentives and 
introduced relief measures after recent northern floods.**

Thailand’s Board of Investment (BOI) announced its approval of $2 billion in new
investments for data centers and electronics manufacturing, including a $968 million
commitment from Alphabet Inc. to establish a hyperscale data center. This initiative
aims to boost the region’s technological infrastructure.

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The BOI also reinstated investment promotion packages while introducing relief measures
for companies affected by recent floods in northern Thailand. Approved projects 
include two hyperscale data centers in Chonburi from Digitalland Services and Quartz
Computing, as well as a manufacturing facility for circuit board materials by Cheng
Yi Technology.

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Additionally, the BOI has extended four investment promotion packages until the 
end of 2025. These packages focus on retention, relocation, stimulation for economic
recovery, and upgrades in the automotive sector. Aggregate investments under these
packages exceeded 650 billion baht, with adjustments to meet the current investment
climate.

**Source** : [Thailand’s BOI Approves Major Tech Investments and Incentive Package Extension](https://www.boi.go.th/en/index/)