Thailand's investment board has given the green light to data centre and cloud service investments amounting to 90.9 billion baht ($2.7 billion), according to a report by Reuters from Bangkok on Monday. This move further bolsters the country's growing tech industry.

The approved projects include data centres by Beijing Haoyang Cloud&Data Technology from China, Empyrion Digital based in Singapore, and GSA Data Center 02, a Thai company. Beijing Haoyang's proposal includes a 300 megawatt data centre, with an estimated worth of 72.7 billion baht, while GSA Data Center 02 intends to invest 13.5 billion baht for a 35 MW data centre.

The surge in artificial intelligence has fueled a demand for infrastructure development in Southeast Asia, resulting in an upsurge of data centre constructions to house servers and equipment for data processing and storage by companies.

In a separate development in January, TikTok's parent company, Bytedance, disclosed plans to establish data hosting services in Thailand, the second-largest economy in Southeast Asia, with an estimated value of 126.8 billion baht, as reported by the investment board.

Previously, Google's Alphabet Inc. declared a $1 billion investment in Thailand, following Amazon Web Services' announcement of a $5 billion investment in the country over a 15-year period. Furthermore, Microsoft disclosed intentions to inaugurate its inaugural regional data centre in Thailand.