TikTok to invest over $26 billion in Thailand data infrastructure expansion
TikTok will invest $26.3 billion in Thailand's data infrastructure across Bangkok and eastern provinces, part of $29.9 billion in approved projects aimed at establishing Thailand as a regional tech hub.
Thailand's Board of Investment has approved six major investment projects worth a combined 958 billion baht ($29.9 billion), with TikTok accounting for the largest share through a massive data infrastructure expansion project.
BOI Secretary-General Narit Therdsteerasukdi announced on May 6 that the board approved three data centre and data hosting projects worth a combined 913.8 billion baht ($28.6 billion), reflecting sustained investor confidence in Thailand's digital economy ambitions.
The largest project belongs to TikTok Systems (Thailand) Co., Ltd., which plans to invest 842.35 billion baht ($26.3 billion) across Bangkok, Samut Prakan and Chachoengsao provinces.
The project will expand server installations to strengthen Thailand's position as a strategic regional hub for data storage and processing, meeting growing demand from users across Southeast Asia.
The BOI noted that TikTok will also develop digital literacy and e-commerce training programmes designed to create new business opportunities for Thai entrepreneurs and strengthen the country's digital workforce.
Other approved digital infrastructure projects include a 46.9 billion baht ($1.46 billion) investment by Skyline Data Center and Cloud Services, part of the UAE-based DAMAC Group, in Chachoengsao province. The facility will support an IT load capacity of 200 megawatts.
Bridge Data Centres IIO (Thailand) Co., Ltd. also received approval for a 24.6 billion baht ($769 million) data centre project in Chonburi province with an IT load capacity of 134 megawatts.
Beyond the digital sector, the BOI approved projects in recycled plastics, wind power and potassium chloride production.
Narit stated that Thailand continues to attract substantial investment interest in digital and high-technology sectors despite global economic challenges, strengthening the country's aspirations to become a regional tech hub.
He added that the BOI is collaborating with partner agencies to enhance infrastructure, electricity systems and clean energy mechanisms while expediting investment approvals through the Thailand FastPass programme.
