Major Investment Projects: TikTok and Siam AI Kick Off Investments in Thailand in 2025
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Thailand BOI Approves Investments Worth A Total of US$5 Billion, Including TikTok’s Data Hosting Project.
January 29, 2025 - The Thailand Board of Investment (BOI) today approved investment privileges for projects worth a combined 170.5 billion baht (ca. US$5 Billion) in value, including a digital infrastructure project by leading global video content platform TikTok.
TikTok Pte. Ltd., the Singapore-based unit of the Chinese company, received approval for a 126.8 billion baht investment in data hosting services to support the activities of affiliated companies, with operations expected to start in 2026. TikTok has over 1 billion users around the world.
Projects approved today by the board also include a 3.25 billion baht investment by Siam AI Corporation, a Thai company, in cloud services focusing 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,” Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said after the meeting, chaired by Mr. Pichai Chunhavajira, Deputy Prime Minister and Minister of Finance.
TikTok’s investment follows the setup in Thailand of a string of large data centers and cloud services projects by companies such as Amazon Web Services and Google (Alphabet) from the U.S., Australia’s NextDC, India’s CtrlS Datacenters, and Singapore-based GDS IDC Services PTE Ltd.
Thailand’s total applications for investment promotion in 2024 soared 35% in value to a 10-year high of 1.14 trillion baht, led by the digital sector, mainly large foreign direct
investment (FDI) projects in data centers and cloud services.
