{"id":2882,"date":"2025-01-29T21:55:16","date_gmt":"2025-01-29T14:55:16","guid":{"rendered":"https:\/\/thereporter.asia\/eng\/?p=2882"},"modified":"2025-01-29T21:55:16","modified_gmt":"2025-01-29T14:55:16","slug":"boi-approves-investments","status":"publish","type":"post","link":"https:\/\/thereporter.asia\/eng\/2025\/01\/boi-approves-investments\/","title":{"rendered":"BOI Approves US$5 Billion in Investments, Including TikTok\u2019s Data Hosting Project"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:412\"><strong>Bangkok, Thailand \u2013 January 29, 2025<\/strong> \u2013 <a href=\"https:\/\/www.boi.go.th\/index.php?page=index&amp;language=en\">The Thailand Board of Investment<\/a> (BOI) has approved investment privileges for projects worth a combined 170.5 billion baht (approximately US$5 billion), including a major digital infrastructure project by <a href=\"https:\/\/thereporter.asia\/eng\/2024\/06\/tiktok-pride-month\/\">TikTok<\/a>. The board also revised promotion measures for the bioeconomy, including incentives for Sustainable Aviation Fuel (SAF) production.<\/p>\n<h3 data-sourcepos=\"5:1-5:51\"><strong>TikTok to Invest US$3.7 Billion in Data Hosting<\/strong><\/h3>\n<p data-sourcepos=\"7:1-7:275\">TikTok Pte. Ltd., the Singapore-based unit of the Chinese company, received approval for a 126.8 billion baht (US$3.7 billion) investment in data hosting services to support the activities of affiliated companies. Operations are expected to start in 2026.<\/p>\n<h3 data-sourcepos=\"9:1-9:39\"><strong>Siam AI to Invest in Cloud Services<\/strong><\/h3>\n<p data-sourcepos=\"11:1-11:170\">The BOI also approved a 3.25 billion baht investment by Siam AI Corporation, a Thai company, in cloud services focusing on artificial intelligence applications.<\/p>\n<p data-sourcepos=\"13:1-13:267\">\u201cTikTok\u2019s and Siam AI\u2019s investments mark a significant step in enhancing Thailand&#8217;s digital and AI infrastructure and supporting the national goal of becoming a digital innovation hub in ASEAN,\u201d said Mr. Narit Therdsteerasukdi, Secretary General of the BOI.<\/p>\n<p data-sourcepos=\"13:1-13:267\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-2884\" src=\"https:\/\/thereporter.asia\/eng\/wp-content\/uploads\/2025\/01\/boi-investment-2-TheReporterAsia-2.jpg\" alt=\"BOI\" width=\"600\" height=\"400\" srcset=\"https:\/\/thereporter.asia\/eng\/wp-content\/uploads\/2025\/01\/boi-investment-2-TheReporterAsia-2.jpg 600w, https:\/\/thereporter.asia\/eng\/wp-content\/uploads\/2025\/01\/boi-investment-2-TheReporterAsia-2-300x200.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<h3 data-sourcepos=\"15:1-15:41\"><strong>Revised Incentives for the Bioeconomy<\/strong><\/h3>\n<p data-sourcepos=\"17:1-17:475\">In line with its existing policies to promote Thailand as a bioeconomy hub, the BOI approved granting investment promotion privileges to the production of Sustainable Aviation Fuel (SAF) and Mixed SAF. SAF is a biofuel that can reduce carbon emissions by up to 80% compared to conventional jet fuel. Mixed SAF blends pure bio SAF with fossil jet fuel to meet industry sustainability requirements and allows use without engine modification.<\/p>\n<h3 data-sourcepos=\"19:1-19:30\"><strong>Driving Investment in 2025<\/strong><\/h3>\n<p data-sourcepos=\"21:1-21:95\">The BOI also approved its investment promotion strategies for 2025, focusing on five key areas:<\/p>\n<ol data-sourcepos=\"23:1-28:0\">\n<li data-sourcepos=\"23:1-23:75\"><strong>BCG Industries Hub:<\/strong> Promoting bio-, circular, and green industries.<\/li>\n<li data-sourcepos=\"24:1-24:119\"><strong>Tech Hub:<\/strong> Attracting investment in advanced technologies such as EVs, semiconductors, and digital technologies.<\/li>\n<li data-sourcepos=\"25:1-25:80\"><strong>Talent Hub:<\/strong> Developing a skilled workforce and attracting global talent.<\/li>\n<li data-sourcepos=\"26:1-26:140\"><strong>Logistics &amp; International Business Hub:<\/strong> Enhancing logistics infrastructure and promoting Thailand as a regional business center.<\/li>\n<li data-sourcepos=\"27:1-28:0\"><strong>Soft Power and Creative Hub:<\/strong> Supporting the creative industries and leveraging Thailand&#8217;s cultural strengths.<\/li>\n<\/ol>\n<p data-sourcepos=\"29:1-29:131\"><strong>#BOI #Thailand #Investment #DigitalEconomy #Bioeconomy #SAF #AI #Innovation #BCG #TechHub #TalentHub #LogisticsHub #CreativeHub<\/strong><\/p>\n<p class=\"p1\"><span class=\"s1\"><i>***** This article uses GEN AI in collaboration with human editors.<\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bangkok, Thailand \u2013 January 29, 2025 \u2013 The Thailand Board of Investment (BOI) has approved investment privileges for projects worth a combined 170.5 billion baht (approximately US$5 billion), including a major digital infrastructure project by TikTok. The board also revised&#8230; <\/p>\n","protected":false},"author":1,"featured_media":2883,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1372],"tags":[1145,1194,9,2794,2801,2806,444,57,2805,2802,2804,2803,37],"class_list":["post-2882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-govnews","tag-boi","tag-digitaleconomy","tag-ai","tag-bcg","tag-bioeconomy","tag-creativehub","tag-innovation","tag-investment","tag-logisticshub","tag-saf","tag-talenthub","tag-techhub","tag-thailand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOI Approves US$5 Billion in Investments, Including TikTok\u2019s Data Hosting Project - TheReporterAsia\/eng<\/title>\n<meta name=\"description\" content=\"The Thailand Board of Investment (BOI) has approved investment privileges for projects worth a combined 170.5 billion baht\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thereporter.asia\/eng\/2025\/01\/boi-approves-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOI Approves US$5 Billion in Investments, Including TikTok\u2019s Data Hosting Project - 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