Google, Microsoft, and AWS To Invest 300B Baht Into Thailand

The government has successfully attracted Amazon Web Services (AWS), Google, and Microsoft for investment in Thailand, amounting to approximately 300 billion baht in total.

A government spokesperson, Chai Wacharonke, reported that Prime Minister Srettha Thavisin engaged with executives from these tech giants during a visit to the United States, resulting in their commitment to invest in Thailand.

Chai Wacharonke noted that the investments from these companies will boost the country’s economy, digital infrastructure, and develop a skilled workforce.

AWS plans to invest in cloud computing infrastructure in Thailand, enhancing the nation’s competitive edge and advancing the skills of its workforce in this sector.

Microsoft has agreed to a memorandum of understanding with the Thai government to improve digital technology competitiveness and government e-services.

Chai Wacharonke highlighted the “Utility Green Tariff” initiative as a key attraction for these tech firms.

Google has also agreed to a memorandum with the Ministry of Digital Economy and Society, boosting digital industry competitiveness and economic growth.

Google plans to establish Thailand as its fourth data center hub in Asia-Pacific and the world’s 11th.

“The prime minister considers this a successful beginning, and the government will put more effort into drawing leading firms to invest in the country,” Mr Chai stated.

He relayed the prime minister’s words, stating that Thailand’s strategic geographical position, well-prepared infrastructure, and robust public health and education systems render it an attractive destination for global investors.

Recently, the Board of Investment announced Amazon’s intention to build three data centers in Thailand as an initial step.

The Board of Investment indicated that Prime Minister Srettha had previously aimed to encourage Google and Microsoft to set up data centers and cloud service bases in Thailand.