Thailand’s investment commitments surged by 42% in the January-September period compared to the same period last year, fueled by projects in electronic manufacturing and data centers, as announced by the Board of Investment on Monday.
During this timeframe, the value of investment applications climbed to 723 billion baht ($21.8 billion), marking a decade-high record, with a majority originating from overseas investors. Foreign investment requests also saw a notable increase of 38% from the previous year, reaching 547 billion baht ($16.5 billion), with Singapore and China emerging as the top two contributors, stated the BOI.
The BOI highlighted that Thailand’s flourishing digital infrastructure, sustainable energy sources, and unwavering government backing have created an ideal setting for investments in data centers and cutting-edge technologies, such as wafer manufacturing.
