The Thai government has given the green light to hefty investments totaling 90.9 billion baht in data centres and cloud services aimed at bolstering the nation’s burgeoning technology sector.
Major contributors to this vibrant tech investment include Chinese firm Beijing Haoyang Cloud & Data Technology, which is spearheading the charge with plans for a substantial data centre in Thailand. This venture, entailing a 300-megawatt setup, commands a colossal investment of 72.7 billion baht. Meanwhile, Singaporean company Empyrion Digital and local entity GSA Data Center 02, are also on board with their respective investments—13.5 billion baht towards a 35 MW data facility.
GSA is a joint venture between Gulf Infrastructure Company Limited (a subsidiary of Gulf Energy Development Public Company Limited: GULF), ST Dynamo TH PTE. LTD. (a subsidiary of Singapore Telecommunications Limited: Singtel), and AIS DC Venture Limited (a subsidiary of Advanced Info Service Public Company Limited: AIS) in the proportions of 40%, 35%, and 25%, respectively.
Existing Thai industry expansion is echoed in recent projects spearheaded by tech giants around the globe. Bytedance’s TikTok disclosed plans earlier this year to establish data hosting services worth an immense 126.8 billion baht. And in previous commitments, Alphabet Inc.’s Google earmarked a $1 billion stake, following Amazon Web Services’ remarkable $5 billion pledge over a 15-year horizon.
Furthermore, Microsoft has announced plans to inaugurate its premier regional data centre in Thailand, crystallizing the nation’s status as an emerging force in the global data management and cloud services arena. These collective efforts underscore Thailand’s strategic significance and the growing allure of its tech ecosystem to international investors.
