Thailand –The Thailand Board of Investment (BOI) has approved investment privileges for projects totalling 170.5b baht (approximately US$5b), including significant digital infrastructure and cloud services initiatives from TikTok and Siam AI.
At a meeting chaired by deputy prime minister and minister of finance Pichai Chunhavajira, the BOI approved a 126.8b baht investment by TikTok Pte. Ltd. in data hosting services to support its affiliated companies, with operations slated to begin in 2026.
Additionally, the BOI granted approval for a 3.25b baht investment by Thailand’s Siam AI Corporation in cloud services focused on artificial intelligence applications.
“TikTok’s and Siam AI’s investments mark a significant step in enhancing Thailand’s digital and AI infrastructure and supporting the national goal of becoming a digital innovation hub in ASEAN,” said Narit Therdsteerasukdi, secretary general of the BOI.
TikTok’s investment adds to Thailand’s growing digital infrastructure, following data centre and cloud projects by Amazon Web Services, Google, Australia’s NextDC, India’s CtrlS Datacenters, and Singapore-based GDS IDC Services. In 2024, investment promotion applications surged 35% to a 10-year high of 1.14t baht, driven by major foreign direct investments in data centres and cloud services.
