The Thailand Board of Investment (BOI) has approved investment privileges for projects totaling 170.5 billion baht (about $5 billion), including a major digital infrastructure project by TikTok. The board also approved revised promotion measures for bioeconomy projects, such as Sustainable Aviation Fuel (SAF) production.
- Thailand’s Board of Investment approved projects worth 170.5 billion baht, including a major digital infrastructure investment by TikTok.
- TikTok received approval for a 126.8 billion baht investment in data hosting services, expected to start operations in 2026.
- The Board approved investment incentives for the production of Sustainable Aviation Fuel (SAF) and Mixed SAF to promote Thailand as a bioeconomy hub.
Key points
- TikTok received approval for a 126.8 billion baht data hosting project.
- Siam AI Corporation got approval for a 3.25 billion baht cloud services project focusing on AI applications.
- These investments aim to enhance Thailand’s digital and AI infrastructure.
- Thailand has seen investments from other major tech companies like Amazon Web Services and Google.
- Total investment promotion applications in Thailand for 2024 increased by 35% to 1.14 trillion baht, with the digital sector leading.
- The BOI approved incentives for the production of Sustainable Aviation Fuel (SAF) and Mixed SAF to promote Thailand as a bioeconomy hub.
TikTok’s investment comes after the establishment of several large data centers and cloud services initiatives in Thailand by firms like Amazon Web Services and Google (Alphabet) from the U.S., NextDC from Australia, CtrlS Datacenters from India, and GDS IDC Services PTE Ltd. based in Singapore.
