The Thailand Board of Funding (BOI) acknowledged that Thailand is likely one of the focused international locations for knowledge heart and cloud service funding to develop AI for digital companies.
Just lately, there are 37 knowledge heart and cloud service initiatives which have acquired approval from the BOI, with an funding worth over 2,800 million USD. They embody AWS, NextDC, STT GDC, Supernap (Change), One Asia, Alibaba Cloud, and Huawei Applied sciences, in addition to funding plans from Google and Microsoft.
The BOI additionally asserted that Thailand has 5 strengths that may enhance its path to a digital economic system hub, as follows:
- A chief location within the heart of ASEAN, connecting international locations within the area, particularly CLMVT international locations, which have a mixed inhabitants of 250 million;
- Excessive security and safety, low threat of worldwide conflicts and pure disasters, and having international-standard digital rules, similar to PDPA and a Cyber Safety Act, that are important for shielding knowledge and amenities;
- Excessive-quality infrastructure, excessive potential for clear power sources, and high-speed Web, that are important for knowledge heart funding;
- Excessive home market growth from digital transformation, similar to the federal government’s Cloud First Coverage, excessive web accessibility and a lot of individuals who use digital transactions, similar to PromptPay, Cell Banking, and e-Cost;
- BOI privileges, similar to VAT deductions and exemption, land tenure, visa and work allow facilitation, knowledge and site looking out service, associated permission request coordination service, and International Minimal Tax affect mitigation measures. (PRD)
