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BOI green lights new mega-investment plans

BOI green lights new mega-investment plans

13 Sept 15:12 Key points summarised by AI
  • Thailand's Board of Investment (BOI) approved six new foreign-led mega-investment projects, totaling nearly a trillion baht, demonstrating strong investor confidence.
  • TikTok System (Thailand) Co., Ltd. leads these investments with a significant expansion of server and data hosting systems, aiming to establish Thailand as a major digital data hub in Southeast Asia.
  • Other approved projects include three data centers from the UAE and US, recycled plastic pellet production by Procter & Gamble, and new ventures in wind power generation and potassium chloride production.
  • These strategic investments in digital and high-tech sectors are set to create high-value jobs, boost national income, facilitate technological transfers, and advance Thailand's Bio-Circular-Green Economy (BCG) model.
  • Additionally, the BOI endorsed nine more foreign investment projects, valued over 52 billion baht, for accelerated approval through the Thailand FastPass system.
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