Thai Board of Investment approves two major data centre projects worth $1.7 billion

• The Board of Investment approved two major data center projects in Thailand, worth a total of 60 billion baht, to meet the growing demand for cloud services in the region.
• The data centers, to be implemented by Quartz Computing and Digital Land Services, will support 5G technology, cloud computing, the Internet of Things, and AI applications.
• The BOI has received applications for incentives for 47 data center and cloud service projects, with majority of investment coming from the US, Australia, China, and other countries.

The Board of Investment has approved two major data centre projects worth 60 billion baht in total to meet the growing demand for cloud services in Thailand and ASEAN. One project, valued at 32 billion baht, will be carried out by Quartz Computing, an affiliate of Alphabet Inc., while the other, valued at 28 billion baht, will be implemented by Digital Land Services. Both data centres will be located in Chon Buri province and are expected to be operational by 2027.

These hyper-scale projects will support 5G technology, cloud computing, the Internet of Things, and AI. Additionally, the BOI has endorsed a Chinese company’s project for precursor materials for printed circuit boards and implemented measures to assist businesses affected by recent flooding.