07 - 05 - 2026

Thailand approves six investment projects worth $29 billion

Our Bureau
Mumbai, May 7, 2026

Thailand has approved six investment projects worth a combined 958 billion baht ($29 billion), led by a massive data infrastructure expansion by TikTok, the country’s Board of Investment (BOI) said.

The approvals come as Southeast Asia’s second-largest economy moves to position itself as a regional hub for data centres, cloud services, and artificial intelligence-driven infrastructure.

TikTok System (Thailand) Co. Ltd. secured approval for the largest project, valued at 842 billion baht ($25 billion). The social media giant plans to install additional servers and expand data storage across Bangkok, Samut Prakan, and Chachoengsao provinces to meet surging demand for digital services.

“Amid continuing global volatility, investment in Thailand’s digital and advanced technology sectors continues to grow,” BOI Secretary General Narit Therdsteerasukdi said in a statement. “For Thailand to capture this new investment cycle, we must be ready not only with investment incentives, but also with sufficient power [and] clean-energy options.”

Two other significant data centre projects were approved: a 46 billion baht ($1.4 billion) investment by UAE-based DAMAC Group’s Skyline Data Center, and a 24.6 billion baht ($746 million) facility by Singapore’s Bridge Data Centres.

To support these energy-intensive industries, the BOI board, chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, met with energy officials to fast-track access to clean power. Discussions included Direct Renewable Power Purchase Agreements (Direct PPA) and new green tariffs to allow private firms to buy renewable electricity directly.

The board also expanded its FastPass mechanism, adding nine projects worth 52 billion baht to a streamlined approval process designed to bypass regulatory bottlenecks.

Other approved investments included ASEAN Potash Chaiyaphum Plc (31.4 billion baht for potassium chloride production), PureCycle Thailand (8.18 billion baht for a recycled plastic pellet plant using P&G technology), Dan Khun Thot Wind One (4.7 billion baht for an 89-megawatt wind farm).

The BOI noted that TikTok has also committed to developing digital literacy and e-commerce training for Thai entrepreneurs as part of its infrastructure rollout.