Thailand has approved investment proposals worth nearly USD 29 billion (around 958 billion baht), led by major data centre and digital infrastructure projects, as the country strengthens its position as a regional technology and AI hub.

The approvals were cleared by Thailand’s Board of Investment (BOI), chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas. The largest approved proposal is from TikTok System Thailand, involving an investment of around USD 25 billion to expand servers, storage and data-processing infrastructure across Bangkok, Samut Prakan and Chachoengsao provinces.

Other approved projects include a USD 1.4 billion data centre by DAMAC Group subsidiary Skyline Data Center and Cloud Services, and a USD 746 million facility by Bridge Data Centres in Chonburi. Together, the three digital infrastructure projects account for around USD 27 billion of the approved investments.

The BOI also approved renewable energy, circular economy and resource-sector projects, including recycled plastic pellet manufacturing, wind power generation and potash production facilities.

Commenting on the approvals, Narit Therdsteerasukdi said the investments reflect growing confidence in Thailand as a regional technology hub amid rising demand for AI and cloud infrastructure across Asia.

The Thai government also discussed measures to improve electricity readiness, renewable energy access and fast-track approvals through its Thailand FastPass mechanism, aimed at accelerating large-scale strategic investments.