Thailand’s digital economy is rapidly expanding, drawing significant investment from global tech giants as it positions itself as a key digital hub in Southeast Asia. The Board of Investment (BOI) recently approved a 16.5 billion baht ($500 million USD) investment from Equinix, a leading data center provider, to establish Thailand as the central connectivity point for the CLMVT region. This decade-long commitment highlights the country’s potential as a digital infrastructure powerhouse, with Equinix’s plans including the transfer of critical technologies and skills to Thai IT personnel. The company’s investment aligns with the Thai government’s “cloud-first” policy, which seeks to increase digital transformation across sectors, further boosting demand for data center services.
In tandem with Equinix’s investment, Nvidia Corporation is expected to announce new projects in Thailand during CEO Jensen Huang’s upcoming visit to Bangkok. This investment will join a wave of commitments from global tech firms like Alphabet Inc., Amazon and Microsoft, as Thailand becomes a central player in Southeast Asia’s burgeoning artificial intelligence and cloud computing industries. These partnerships are expected to accelerate digital infrastructure development and stimulate economic growth, projected to lift Thailand’s technology investment levels.
The Thai government’s strategy for fostering digital growth is not limited to technology infrastructure; it also extends to ambitious digital economic policies. Prime Minister Paetongtarn recently affirmed that Thailand aims for its digital economy to constitute 30% of GDP by 2030.
