Thailand Approves $29 Billion Investment Push
Company News

Thailand Approves $29 Billion Investment Push

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.

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.

Next Story
Infrastructure Transport

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Next Story
Infrastructure Transport

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Next Story
Infrastructure Urban

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement