Thailand approves US$3.1 billion of data centre investments
BOI also approved measures to speed up investments worth US$9.2 billion
Add BT as a preferred source
[BANGKOK] Thailand on Monday (Nov 10) approved four data centre projects worth US$3.1 billion in investment as well as new measures to kickstart projects that have already been approved, the Board of Investment (BOI) said.
The investments included an 84-megawatt (MW) data centre valued at 26.7 billion baht from Dubai’s DAMAC Digital and another hyperscale data centre project with an IT load of 200 MW from a local investor valued at 54.9 billion baht, it said in a statement.
The board also approved measures to speed up investments worth US$9.2 billion that had been stalled, part of an initiative started by the agency last month.
It approved six licences to cut delays in areas like power availability, industrial land access and obtaining visas and work permits.
“This will strengthen investor confidence in Thailand’s investment framework and contribute to increased employment and broader economic development,” BOI chief Narit Therdsteerasukdi said. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
