Thailand approves $5 billion in tech investments, including a $3.8 billion TikTok data project.

Thailand's Board of Investment approved investments totaling about $5 billion, including a $3.8 billion data hosting project by TikTok and a cloud services project by Siam AI Corporation. The investments aim to boost Thailand’s digital and AI infrastructure, supporting its goal to become a digital hub in ASEAN. These projects are part of a 35% increase in investment applications in 2024, reaching a 10-year high of $32.6 billion, driven largely by the digital sector and major foreign investments.

2 months ago
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