Thailand approves $2.7 billion data center investmentThailand approves $2.7 billion data center investment

Thailand approves $2.7 billion data center investment

Thailand has approved 90.9 billion baht ($2.7 billion) worth of data center and cloud service investments, the country's Investment Promotion Board said recently. The data center projects come from companies including China's Beijing Hao Yang Cloud Data Technology Co Ltd, Singapore's Empyrion Digital, and Thailand's GSA Data Center 02 (GSA02). 

According to the report, Beijing Hao Yang's plans in Thailand include a 300-megawatt data center worth 72.7 billion baht, while Thailand's GSA02 has proposed a 35-megawatt data center investment plan worth 13.5 billion baht. 

According to Reuters, the AI boom has fueled a boom in infrastructure development in Southeast Asia, including data centers that house computer servers and equipment - facilities that are the core infrastructure used by businesses for data processing and storage. 

In January this year TikTok announced plans to set up data hosting services worth 126.8 billion baht in Thailand, Southeast Asia's second-largest economy. Last year, Google said it would invest $1 billion in Thailand, after AWS announced it would invest $5 billion in the country over the next 15 years. Microsoft also announced it would open its first regional data center in Thailand.