The digital sector topped the list of applications seeking investment promotion benefits last year. Companies including Alphabet Inc's Google, Australia’s NEXTDC, India’s Ctrl S Datacenters, Singapore-based GDS IDC Services Pte. and others committed to invest a total of 243.3 billion baht in 150 projects, the board said.
Thailand said foreign and domestic companies pledged to invest 1.14 trillion baht ($45 billion) last year as the Southeast Asian nation emerged as a hot destination for data centers, cloud services and advanced electronics manufacturing.
Investment pledges surged 35% from a year earlier and was the highest in value terms since 2014, the Board of Investment said in a statement Monday. The agency is targeting fresh proposals worth at least 1 trillion baht this year, Secretary-General Narit Therdsteerasukdi told reporters in Bangkok.
