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

Yahoo

17-03-2025

BANGKOK (Reuters) - Thailand has approved 90.9 billion baht ($2.7 billion) worth of investments in data centres and cloud services, its investment board said on Monday, the latest additions to the country's expanding tech sector.
The projects include data centres from China's Beijing Haoyang Cloud&Data Technology, Singapore-based Empyrion Digital, and Thai company, GSA Data Center 02, it said.
Beijing Haoyang's plan in Thailand includes a 300 megawatt data centre, valued at 72.7 billion baht, while the Thai firm has proposed a 13.5 billion baht investment for a 35 MW data centre.
An AI boom has led to a rush to build infrastructure in Southeast Asia, including data centres that house computer servers and equipment that companies use to process and store data.
In January, Bytedance's TikTok announced plans in Thailand, Southeast Asia's second-biggest economy, to set up a data hosting services valued at 126.8 billion baht, according to the investment board.
Last year, Alphabet Inc's Google (GOOG) said it would invest $1 billion in Thailand, which followed Amazon Web Services (AMZN) announcing a $5 billion investment in the country over 15 years.
Microsoft has also announced it will open its first regional data centre in Thailand.