Thailand approves $29bn in projects, with TikTok’s ₿842bn data-centre expansion alone worth $25bn
Bangkok’s Board of Investment cleared six major investments on Wednesday. Three of them are data centres. The headline is the TikTok number, but the larger story is what Thailand is becoming inside the regional AI infrastructure trade.
Thailand’s Board of Investment is, on most readings, an institutional body whose press releases attract limited international attention. On Wednesday, Bloomberg reportedthat the BOI had cleared a single tranche of investment approvals worth roughly $29bn, about ₿958bn at current exchange rates, and that the largest item in the list was a data-centre expansion by TikTok valued at ₿842bn alone, or approximately $25bn. Three of the six approved projects are data centres or data-hosting infrastructure. The combined data-centre value is roughly $27bn, or 93 per cent of the total approval. Thailand has, on Wednesday’s evidence, decided that data-centre construction is the category through which it wants to compete for foreign capital, and the...
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