The Thailand Board of Investment (BOI) has approved data centre projects worth USD 2.7 billion from Beijing Haoyang Cloud &Data Technology, Empyrion Digital, and GSA Data Centre 02

• Thailand has a strong pipeline of data centres entering the market, mostly from new operators. BOI is aggressively targeting investment in the digital industry, especially data centres.
• Recently, they have prioritised the use of advanced computing to improve power and water usage efficiency.

Digital Edge DC and B. Grimm Power are investing USD 740.8 million in a Chonburi wholesale data centre to be completed by 2026

• The digital industry experienced substantial growth in 2024 and is likely to expand further in 2025 due to incentives offered. This growth is largely driven by major projects involving large data centres and cloud service companies.
• The Eastern Economic Corridor (EEC) is one of the prime locations for large-scale infrastructure, while areas near Bangkok’s CBD are in high demand for colocation facilities.

BlackRock’s Global Infrastructure Partners plans to invest USD 3-5 billion in a joint data centre project with CP Group

• The average power rates have remained fixed since 2023, but the variable component impact changes in electricity charges.

Outlook

• For Users
  • The market might witness higher supply in 2026-2027.
  • Lease rentals may soften due to increasing supply.
  • Hyperscalers to have more self-build options.
• For Providers
  • The EEC will provide new locations for growth.
  • Operators with interconnection offerings to attract more demand.
  • Chinese AI players are emerging as significant demand drivers.