(Bloomberg) – Thailand has approved investment applications worth 200 billion bats ($ 5.9 billion), led by Bangkok transit line and three data centers, which has potentially encouraged economic economic growth.
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The biggest project is Bangkok Expressway and 109 billion Metro PCL investments in the so-called orange line to help connect Western and Eastern suburbs of Bangkok, according to a statement of the Investment Committee after the Committee meeting on Monday.
Taxes and other incentives were also approved by three projects and cloud service center projects, with the largest Chinese Beijang Cloud Data Technology Co 72.7 billion Baht plan for an object with a load of information technology of 300 megawatts in Rayong Province, Boi said. In January, the Tictok social media platform won the approval for investing $ 3.8 billion in data hosting services.
“Ensure that digital infrastructure, including data centers, is harmonized with the demand of foreign investors and local entrepreneurs, it is crucial for Thailand’s competitiveness,” said Narit Therdsteerasukdi, General of the Boi.
Read: Thaxin vows cheaper power to turn Thailand into the center of data center
The government seeks to increase economic growth this year to as much as 3.5%, from 2.5% in 2024, by strengthening exports, tourism and investment. Investment applications jumped 35% compared to the year to $ 33 billion in 2024, which is most in ten years, led by foreign digital sector projects.
The Committee also revised the rules for encouraging projects in the health sector, offering companies that enter into shared investments with government agencies longer income taxes if they build a hospital with at least 91 beds, according to a statement.
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