Thailand’s Board of Investment (BOI) has approved six major investment projects worth a combined 958 billion baht (approximately $29 billion), led by a massive data infrastructure expansion by TikTok System (Thailand) Co., Ltd., reinforcing the country’s ambitions to become a regional hub for AI-driven digital infrastructure, cloud services and data centres.

The approvals were granted during a BOI Board meeting chaired by Ekniti Nitithanprapas. The Board also approved a second batch of projects under the Thailand FastPass mechanism and discussed measures to strengthen electricity readiness and clean energy access, both seen as critical to attracting large-scale technology investments.

Narit Therdsteerasukdi said the approvals reflect growing global confidence in Thailand’s digital economy and technology ecosystem.

“Amid continuing global volatility, investment in Thailand’s digital and advanced technology sectors continues to grow, reflecting investor confidence in the country’s potential as a regional technology hub,” Narit said.

Of the six projects approved, three focus on data centres and data hosting services, representing a combined investment value of 913 billion baht (around $27 billion).

The largest investment comes from TikTok System (Thailand) Co., Ltd., which received approval for an 842 billion baht (approximately $25 billion) expansion project. The investment will add servers and expand data storage and processing infrastructure across Bangkok, Samut Prakan and Chachoengsao Province to support rising demand for digital services and AI-powered applications.

Beyond infrastructure, TikTok also committed to supporting digital literacy and e-commerce education programmes aimed at strengthening Thailand’s digital workforce and creating new opportunities for local entrepreneurs.

Another major project was approved for Skyline Data Centre and Cloud Services Co., Ltd., part of the UAE-based DAMAC Group. The company will invest 46 billion baht ($1.4 billion) in a data centre project in Chachoengsao Province with an IT load capacity of 200 megawatts.

Meanwhile, Singapore-based Bridge Data Centres IIO (Thailand) Co., Ltd. secured approval for a 24.6 billion baht ($746 million) investment in a data centre project in Chonburi Province, supporting an IT load of 134 megawatts.

The BOI also highlighted the importance of reliable electricity supply and clean energy access in supporting Thailand’s next phase of digital growth. The Board discussed accelerating Thailand’s Power Development Plan and expanding renewable energy mechanisms, including Direct Renewable Power Purchase Agreements (Direct PPA) and the Utility Green Tariff 2 (UGT2) programme.

According to Narit, Thailand’s competitiveness in attracting global digital and AI investment will depend on the country’s ability to combine infrastructure readiness, clean energy access, skilled talent and efficient project facilitation.

“Thailand is entering a new investment cycle in which speed, power readiness, clean energy access and skilled talent will be decisive,” he said. “The BOI is working with partner agencies to ensure that major projects can move from approval to operation as quickly as possible, while strengthening the infrastructure, workforce, supply chains and ecosystem needed for long-term growth in the digital economy.”