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Thailand Approves USD29B Investment Led by TikTok Plan
Thailand's Board of Investment said on Wednesday (5th) that it has approved investment projects worth THB958 billion (approximately USD29 billion), led by a plan from TikTok System...
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Thailand's Board of Investment said on Wednesday (5th) that it has approved investment projects worth THB958 billion (approximately USD29 billion), led by a plan from TikTok System (Thailand) Co. to expand its data infrastructure. The move underscores Thailand's ambition to position itself as a regional hub for artificial intelligence and cloud services.

According to the statement, TikTok-related projects are valued at THB842 billion and will involve adding servers and expanding data storage and processing facilities in Bangkok and nearby Samut Prakan and Chachoengsao provinces. The plan also includes digital literacy and e-commerce training programs.

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Other approved projects include a THB46 billion data center investment by UAE-based Damac Group, as well as a THB24.6 billion facility to be built by Singapore's Bridge Data Centres. The Board of Investment also approved projects related to renewable energy, recycling and mining industries.

The board additionally placed nine projects under its fast-track program aimed at accelerating approval and licensing procedures for selected investments. With the newly added projects, total investment under the program has reached THB223 billion. (hc/a)

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