Thailand Approves $2.7 Billion Investment in Data Centres and Cloud Services
Thailand has recently approved a substantial investment of $2.7 billion (approximately 90.9 billion baht) aimed at bolstering its data centre and cloud service infrastructure. This strategic move underscores the nation's commitment to enhancing its technological landscape and positioning itself as a significant player in the Southeast Asian digital economy.
The investment encompasses several notable projects. Beijing Haoyang Cloud & Data Technology is set to develop a 300-megawatt data centre, representing an investment of 72.7 billion baht. Additionally, Thailand's GSA Data Center 02 plans to establish a 35-megawatt facility with a budget of 13.5 billion baht. Singapore-based Empyrion Digital is also contributing to this initiative, reflecting a growing interest from international firms in Thailand's burgeoning tech sector.
The surge in artificial intelligence applications and the increasing demand for data processing capabilities have highlighted the necessity for robust data infrastructure in the region. Thailand's proactive approach is evident, with previous announcements from global tech giants. TikTok, for instance, revealed plans to set up data hosting services valued at 126.8 billion baht in the country. Similarly, Google and Amazon Web Services have committed to investments of $1 billion and $5 billion, respectively. Microsoft has also announced intentions to open its first regional data centre in Thailand, further solidifying the nation's appeal as a tech investment hub.
These developments are poised to significantly enhance Thailand's digital infrastructure, catering to both domestic needs and regional demands. By attracting such substantial investments, Thailand aims to elevate its status in the global tech arena, fostering innovation, creating job opportunities, and driving economic growth. The government's strategic focus on the tech sector reflects a broader vision to integrate more deeply into the global digital economy, ensuring that the country remains competitive and resilient in the face of rapid technological advancements.
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