Thailand’s Board of Investment (BOI) has approved six major investment projects worth a combined 958 billion baht ($29.9 billion), with TikTok accounting for the largest share through a massive data infrastructure expansion project.
BOI Secretary-General Narit Therdsteerasukdi said on 6 May that the board approved three data centre and data hosting projects worth a combined 913.8 billion baht ($28.6 billion), reflecting continued investor confidence in Thailand’s digital economy ambitions.
The largest project belongs to TikTok Systems (Thailand) Co., Ltd., which plans to invest 842.35 billion baht ($26.3 billion) in Bangkok, Samut Prakan and Chachoengsao provinces.
The project will expand server installations to strengthen Thailand’s role as a strategic regional hub for data storage and processing, supporting growing demand from users across the region.
The BOI said TikTok will also develop digital literacy and e-commerce training programmes aimed at creating new business opportunities for Thai entrepreneurs and improving the country’s digital workforce.
Other approved digital infrastructure projects include a 46.9 billion baht ($1.46 billion) investment by Skyline Data Center and Cloud Services, part of the UAE-based DAMAC Group, in Chachoengsao province. The facility will support an IT load capacity of 200 megawatts.
Bridge Data Centres IIO (Thailand) Co., Ltd. also received approval for a 24.6 billion baht ($769 million) data centre project in Chonburi province with an IT load capacity of 134 megawatts.
Beyond the digital sector, the BOI approved projects in recycled plastics, wind power and potassium chloride production.
Narit said Thailand continued attracting strong investment interest in digital and high-technology industries despite global economic uncertainty, reinforcing the country’s ambitions to become a regional tech hub.
He added that the BOI was working with partner agencies to improve infrastructure, electricity systems and clean energy mechanisms while accelerating investment approvals through the Thailand FastPass programme.
