Thailand secures 98.5 billion baht for data centres, cloud projects

[snoop1130]

 

Government backing for investments in data centres and cloud service projects in Thailand aims to position the nation as a digital economy hub, according to government spokesperson Chai Wacharonke.

 

Prime Minister Srettha Thavisin considers these investments crucial for the digital economy’s growth and believes they will establish Thailand as a significant investment destination for the international community.

 

Transforming Thailand into a digital economy hub is one of eight objectives outlined in the government’s Ignite Thailand vision. The Board of Investment (BOI) echoes the prime minister’s commitment, engaging in discussions with major private organisations interested in investing in the country.

 

The BOI has already approved investments in 37 data centre and cloud service projects across various provinces, including Bangkok, Samut Prakan, Chon Buri, and Rayong. The total investment for these projects has surpassed 98.5 billion baht.

 

Leading global companies are among the investors. The United States Amazon Web Service is developing three data centres with a budget of 25 billion baht. Singapore’s Evolution Data Center and Japan’s Telehouse have invested 4 billion baht and 2.7 billion baht, respectively.

 

 

Investors in cloud service projects include Alibaba Cloud and Huawei Technologies, contributing 4 billion baht and 3 billion baht, respectively.

 

Siam Commercial Bank’s Economic Intelligence Center (EIC) forecasts a 24% growth in Thailand’s data centre market and a 29% increase in the public cloud service market this year, indicating strong sector prospects, said Chai.

 

“The prime minister is confident in Thailand’s readiness and potential. He has been actively working on policies to lay a foundation for a digital economy.”

 

The fact that the world’s largest companies have invested in Thai data centres and cloud service projects is a testament to the country’s opportunity to become a digital economy hub as Chai added, reported Bangkok Post.

 

By Sarishti Arora

Picture courtesy of w.media official website

 

Full story: The Thaiger 2024-07-29

 

 

-  Cigna offers a variety of health insurance plans designed to meet the minimum requirement for medical treatment coverage, with benefits reaching up to THB 3 million. These plans are tailored to provide comprehensive healthcare solutions for expatriates, ensuring peace of mind and access to quality medical services. To explore the full range of Cigna's expat health insurance options and find a plan that suits your needs, click here for more information.

 

Get our Daily Newsletter - Click HERE to subscribe

[OneMoreFarang]

I wonder where all the IT specialists will come from.

[johng]

When can I get a cheap VPS with a proper IPV4  IP address,  IPV6 just a pipe dream ?

[NativeBob]

28 minutes ago, OneMoreFarang said:

I wonder where all the IT specialists will come from.

From bankrupt CAT Telecom. That glass'n'steel building on Chao Praya River, Bang Rak. They even had a sauna over there!

[hotchilli]

15 hours ago, snoop1130 said:

Government backing for investments in data centres and cloud service projects in Thailand aims to position the nation as a digital economy hub, according to government spokesperson Chai Wacharonke.

How many hubs is that now this year?

Maybe Thailand should contact Unesco 

[hotchilli]

14 hours ago, OneMoreFarang said:

I wonder where all the IT specialists will come from.

Out of the woodwork...

[PETERTHEEATER]

I hope the power requirements for the data centre will not jeopardise Thailand's net zero plan.

[realfunster]

4 minutes ago, PETERTHEEATER said:

I hope the power requirements for the data centre will not jeopardise Thailand's net zero plan.

Indeed, with the increase in power usage from Data Centers and the drift to EV, I do hope the government has assessed the necessary power production increases and required grid upgrades. I understand these Data Centers are extremely heavy electricity users.

 

There is no where near enough current output of copper to support the expected global grid enhancements required for all this AI digitization and switch to EVs/Hybrids.  EVs also use 3x as much copper as regular ICE vehicles.
 

Might be an investment idea in there somewhere 

[john donson]

digital hub

 

wait is it investors money, like google, microsoft, or government money, aka 10-20% sticky fingers investment