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Thailand Secures $1.78 Billion Investment for Two New Data Centers

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by Maison Edwards
November 5, 2024
Thailand Secures $1.78 Billion Investment for Two New Data Centers

The Thai Board of Investment has given the green light to two substantial data center projects, together valued at an impressive 60 billion baht ($1.78 billion), to meet the increasing demand for cloud services within the country. Quartz Computing, a subsidiary of Alphabet Inc., is leading the first project with an investment of 32 billion baht ($950 million) and aims to complete it by 2026. The second project, valued at 28 billion baht ($831 million), is being undertaken by Digitalland Services, a subsidiary of Chinese tech giant GDS. Both of these significant endeavors will be positioned in the Chonburi province, though further details remain under wraps.

These ambitious projects follow a series of substantial investments in Thailand’s burgeoning data center industry. Earlier this year, the Thai Board of Investment approved another $291 million for similar initiatives. Several tech behemoths also contribute to this investment surge. In September, Google announced a $1 billion investment in cloud and data infrastructure in Thailand. Amazon Web Services plans to open a cloud region by early 2025 and has committed to investing $5 billion by 2037. Additionally, Microsoft is set to establish a data center region in the country, underscoring Thailand’s prominence in digital infrastructure.

Currently, Chonburi province is home to Supernap and TCCT Amata data centers, accentuating the province’s growing role as a data infrastructure hub. This trend of increased foreign investment indicates a collective effort to boost Thailand’s digital economy and cater to escalating regional demand for cloud-based services. The Thai government’s supportive stance and strategic geographical location make it an appealing destination for tech investments, positioning the country as a leading player in the digital infrastructure landscape. These developments mark a promising future for Thailand’s tech industry, securing its place in the global digital economy.

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