# GIP and BlackRock Explore Partnership with CP–True IDC to Create a Regional Data Center Hub

- Link: https://www.thailand-business-news.com/press-release/217740-gip-and-blackrock-explore-partnership-with-cp-true-idc-to-create-a-regional-data-center-hub
- Published: 2025-05-09T18:47:19+07:00
- Author: SiamNews PR

A Global Infrastructure Partners delegation, led by CEO Adebayo Ogunlesi, met Thailand’s
Prime Minister to discuss a $3-5 billion digital infrastructure investment, enhancing
the nation’s potential as an ASEAN tech hub.

BANGKOK, May 9, 2025 /PRNewswire/ — Thailand has once again gained strong confidence
from leading global investors, as a high-level delegation from Global Infrastructure
Partners (GIP)—a major infrastructure investment group under BlackRock, one of the
world’s largest asset managers—paid an official visit to Thailand. The delegation
was led by Mr. Adebayo Ogunlesi, Co-founder, Chairman, and CEO of GIP, and Senior
Managing Director at BlackRock. During the visit, Mr. Ogunlesi met with Prime Minister
Paetongtarn Shinawatra to discuss investment opportunities and collaboration in 
Thailand’s digital infrastructure. Joining the discussion were Mr. Suphachai Chearavanont,
CEO of Charoen Pokphand Group (CP Group), and executives from True IDC, who shared
their vision and reaffirmed the Thai private sector’s readiness to elevate the country
as a regional hub for technology and AI.

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GIP–BlackRock Discusses a Strategic Partnership with “CP–True IDC” to Strengthen
Thailand’s Digital Infrastructure and Build a Regional Giga Data Center Hub

Prime Minister Paetongtarn Shinawatra warmly welcomed the delegation and expressed
her commitment to facilitating private sector infrastructure investments with greater
ease, speed, and transparency. The PM also affirmed the government’s willingness
to support collaboration between the private sector and academic institutions to
develop knowledge and human capital, ultimately strengthening the foundation for
Thailand’s digital economy and data center industry.

Mr. Suphachai Chearavanont, CEO of CP Group, stated, “Thailand holds tremendous 
potential to become the digital and AI hub of ASEAN. We are now entering the Giga
Data Center era—facilities designed to support gigawatt-scale energy demands and
handle high-intensity workloads, tailored to meet the needs of global technology
companies investing in Thailand. CP Group is fully committed to working with international
partners such as GIP and the Thai government to elevate the country’s digital infrastructure,
promote human capital development, and support research and development initiatives.
These efforts can transform Thailand into a center for education and innovation,
delivering long-term benefits to future generations.”

Mr. Adebayo Ogunlesi, Co-founder, Chairman, and CEO of GIP, and Senior Managing 
Director at BlackRock, remarked, “GIP operates across more than 100 countries and
has deep expertise in delivering world-class infrastructure projects, including 
airports, ports, power systems, renewable energy, and data center networks—core 
systems that underpin long-term digital economic growth. We believe in Thailand’s
strategic importance in Southeast Asia, supported by its advantageous geography,
infrastructure, energy resources, and human capital—all of which are conducive to
sustainable development. GIP’s investment in Thailand is not merely a business opportunity;
it is a strategic partnership aimed at building a stable, secure, and sustainable
digital ecosystem and laying a new foundation for the regional digital economy.”

A key highlight of this visit is GIP–BlackRock’s plan to collaborate with local 
partners on a major digital infrastructure investment in Thailand valued between
USD 3–5 billion (approximately THB 105–175 billion), with a primary focus on data
centers. This investment will significantly enhance Thailand’s capabilities in supporting
advanced technology workloads such as AI, Big Data, and Cloud Services. It is expected
to generate substantial employment in the engineering and technology sectors while
positioning Thailand as a stronger competitor in the modern global economy.

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Regionally, Southeast Asia is emerging as a new growth hub for the data center market,
with forecasts predicting market value to reach USD 3.81 billion from 2024 to 2029,
at a compound annual growth rate (CAGR) of 6.8%, driven by edge computing, AI adoption,
and broad cloud usage. Thailand’s data center market alone is expected to grow at
a CAGR of 7.5%–8.5% over the next three years. This marks a pivotal opportunity 
for Thailand to become a key technology hub with a central role in ASEAN’s economic
ecosystem.

The visit of GIP–BlackRock to Thailand marks the beginning of a significant strategic
alliance. It brings together the vision of the government, leading Thai industry
players, and global investors to lay the foundation for future innovation—with Thailand
leading the way toward a new regional direction in the era of digital economies 
driven by intelligent infrastructure.

**Source** : [GIP–BlackRock Discusses a Strategic Partnership with “CP–True IDC” to Strengthen Thailand’s Digital Infrastructure and Build a Regional Giga Data Center Hub](https://www.prnasia.com/story/archive/4684069_AE84069_0?rand=102387)

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