These are new investments in the Thai government's efforts to expand data centers.
The newly approved projects include China's Beijing Haoyang Cloud Cloud & Data Technology data center, Singapore-based Empyrion Digital and Thailand's GSA Data Center 2.
Beijing Haoyang's plan in Thailand includes a 300-megawatt data center worth 72.7 billion baht ($2.16 billion), while Thailand's GSA Data Center 2 investment package is 13.5 billion baht ($400 million) for a 35-megawatt data center.
The explosion of AI (artificial intelligence) has led many world technology giants to invest in infrastructure in countries in Southeast Asia, including data centers containing servers as well as devices used by companies to process and store data.
Earlier this year, TikTok announced a plan to invest $8.8 billion in data centers in Thailand over the next 5 years.
In 2024, Google and Alphabet Inc said they will invest $1 billion in Thailand, after Amazon Web Services announced a $150 billion investment in the country over the next 15 years.
Microsoft has also announced that it will open its first regional data center in Thailand in the near future.
According to market research firm Statista, revenue from the data market in Southeast Asia in 2025 will be 11.67 billion USD. Revenue is expected to grow by 5.41%/year from 2025-2029, with market volume reaching 14.41 billion USD in 2029.
For Thailand alone, Statista forecasts revenue from the data center market by 2025 to be 2.44 billion USD.
