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Thailand Approves $29 Billion Investment Wave as Data Center Demand Surges

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TikTok leads new BOI approvals as Thailand moves to strengthen power readiness, clean energy access and fast-track strategic investment

BANGKOK, THAILAND – Media OutReach Newswire – 6 May 2026 – Thailand’s Board of Investment (BOI) has approved six major projects worth a combined 958 billion baht, or approximately USD 29 billion, led by a large-scale data infrastructure expansion by TikTok System (Thailand) Co., Ltd., underscoring the country’s growing role as a regional hub for data centers, cloud services and AI-driven digital infrastructure.

The approvals were made at a BOI Board meeting chaired by Mr. Ekniti Nitithanprapas, Deputy Prime Minister and Minister of Finance. The Board also approved a second batch of projects under the Thailand FastPass mechanism and discussed with energy agencies steps to strengthen electricity readiness and improve access to clean energy — two increasingly important factors in attracting large-scale digital and high-technology investment.

Mr. Narit Therdsteerasukdi, Secretary General of the BOI, said the latest approvals reflect growing investor confidence in Thailand at a time when global companies are racing to expand digital infrastructure across Asia.

“Amid continuing global volatility, investment in Thailand’s digital and advanced technology sectors continues to grow, reflecting investor confidence in the country’s potential as a regional technology hub,” Mr. Narit said. “For Thailand to capture this new investment cycle, we must be ready not only with investment incentives, but also with sufficient power, clean-energy options, skilled talent, deeper supply chains and a reliable facilitation system that allows projects to move quickly from approval to operation.”

Of the six approved projects, three are in data center and data hosting services, with a combined investment value of 913 billion baht, or approximately USD 27 billion.

The largest project is by TikTok System (Thailand) Co., Ltd., valued at 842 billion baht, or approximately USD 25 billion. The project will install additional servers and expand data storage and processing infrastructure across Bangkok, Samut Prakan and Chachoengsao Province, supporting rising demand for digital services and strengthening Thailand’s role in regional digital infrastructure.

Beyond its core infrastructure investment, TikTok has also committed to developing digital literacy and e-commerce curricula to help create new business opportunities for Thai entrepreneurs and strengthen the country’s digital workforce.

Another approved project is a 46 billion baht, or USD 1.4 billion, data center investment by Skyline Data Center and Cloud Services Co., Ltd., part of the UAE-based DAMAC Group. Located in Chachoengsao, the project will support an IT load of 200 megawatts.

A third data center project, by Bridge Data Centres IIO (Thailand) Co.,Ltd. from Singapore, was approved with an investment value of 24.6 billion baht, or USD 746 million. Located in Chonburi, the project will support an IT load of 134 megawatts.

The remaining approved projects cover renewable energy, circular economy and resource-based industries. PureCycle (Thailand) Co.,Ltd. will invest 8.18 billion baht, or USD 248 million, in recycled plastic pellet production in Rayong, using technology exclusively licensed from P&G, with Thailand serving as a key production base for the Asian market. Dan Khun Thot Wind One Co., Ltd. will invest 4.7 billion baht, or USD 143 million, in an 89-megawatt wind power generation project in Nakhon Ratchasima. ASEAN Potash Chaiyaphum Plc. will invest 31.4 billion baht, or USD 952 million, in potassium chloride production in Chaiyaphum, producing a key input for potash fertilizer.

To accelerate project implementation, the BOI Board also selected nine additional projects worth 52 billion baht, or USD 1.6 billion, for Thailand FastPass, following the first batch of 16 projects. The latest selection brings the FastPass portfolio to 25 projects, with a combined investment value of 223 billion baht, or USD 6.8 billion.

The FastPass mechanism is designed to streamline approval and permitting procedures, speed up coordination among relevant agencies — including the BOI, the Department of Industrial Works, the Industrial Estate Authority of Thailand, the Office of Natural Resources and Environmental Policy and Planning, the Customs Department and power-related agencies — and help strategic projects begin operations faster.

At the same meeting, the Board outlined steps to strengthen electricity readiness with the Ministry of Energy and the Energy Regulatory Commission, focusing on urgent power supply needs for incoming investment, particularly in the Eastern region. The Board also directed action on accelerating the issuance of Thailand’s Power Development Plan (PDP) to support future demand, new energy technologies and long-term power-system planning.

The Board also advanced plans for clean energy mechanisms, including Direct Renewable Power Purchase Agreements, or Direct PPA, which would allow private companies to buy and sell renewable electricity directly, with participation criteria and grid-service charges to be announced shortly. The Board also acknowledged the launch of Utility Green Tariff 2, or UGT2, a source-specific green tariff designed to give companies more options for procuring clean electricity.

The Board also tasked the BOI with coordinating with relevant agencies to consider regulatory improvements that would facilitate clean energy investment, including easing power-generation licensing conditions for foreign operators installing solar rooftops, and clarifying rules to support self-generation under Independent Power Supply, or IPS, arrangements.

Mr. Narit said the combination of large-scale digital investment, power readiness, clean energy access, skilled talent and faster investment facilitation is central to Thailand’s competitiveness in the next phase of global investment.

“Thailand is entering a new investment cycle in which speed, power readiness, clean energy access and skilled talent will be decisive,” he said. “The BOI is working with partner agencies to ensure that major projects can move from approval to operation as quickly as possible, while strengthening the infrastructure, workforce, supply chains and ecosystem needed for long-term growth in the digital economy.”

USD conversion based on an estimated exchange rate of 33 baht per USD.

Hashtag: #boinews #thailandboardofinvestment


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Thailand Board of Investment

Established in 1966, the Office of the Board of Investment (BOI) has continuously played an essential role for over 60 years in promoting value-adding investment for the country, from both foreign and Thai investors, to enhance national competitiveness and drive towards a new era of sustainable and balanced growth.

Investment Services Center- PR Section, The Office of the Board of Investment (BOI)

555 Vibhavadi-Rangsit Road, Chatuchak Bangkok 10900 Tel. +66 (0) 2553 8111, Fax: +66 (0) 2553 8222

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“SYNC Design & Innovation in SITE 2026” to Take the Stage in Bangkok

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Asia’s first Design & Innovation Festival announces its venue and key speakers — where Japanese design expertise meets the cultural diversity of Asia

BANGKOK, THAILAND – Media OutReach Newswire – 27 May 2026 – On Friday, June 26, 2026, SYNC Design & Innovation in SITE 2026 will be held at Siam Paragon, Bangkok — a large-scale forum dedicated to the convergence of design and business. Organized by Nikkei Business Publications, Inc. (Nikkei BP) and co-organized by FOURDIGIT Inc. and the National Innovation Agency (NIA) of Thailand, the event announces its venue and principal speaker lineup.

Event website: https://syncforum.asia
A special program within SITE 2026, one of Southeast Asia’s largest innovation festivals
SYNC Design & Innovation is realized in collaboration with SITE 2026 (June 25–27), the flagship startup and innovation technology festival hosted by NIA and one of the largest of its kind in Southeast Asia. Past editions have drawn more than 30,000 in-person visitors and generated approximately 2.89 million online impressions, establishing SITE as a focal point of the regional innovation calendar across Asia. SYNC will be staged on June 26, the second day of SITE 2026, as a dedicated forum within the festival, positioned as the meeting point where Japanese design intelligence converges with the cultural diversity of Asia.

A landmark gathering of Japan’s leading designers and business leaders

The program brings together pioneers who have carried the power of design from Japan to the global stage:

• Manabu Mizuno (good design company), known for long-horizon brand strategy and total direction
• Eisuke Tachikawa (NOSIGNER), Board of Directors, World Design Organization (WDO)
• Eriko Yamaguchi, founder of MOTHERHOUSE, a brand operating across six Asian markets
• Kazufumi Nagai (Tama Art University), behind the branding of numerous Japanese corporations
• Yoshihiro Yagi (dentsu Japan), recipient of more than 750 awards in Japan and abroad
From the co-organizer, Ryo Taguchi, CEO of FOURDIGIT Inc., who has pioneered UX design within Japan’s digital industry, and Takehiro Suenari, who has led service design practice across Southeast Asia, will also take the stage.

The business track features practitioners working at the intersection of AI, technology and enterprise, including Satoru Yamamoto, who leads AI initiatives across the Dentsu Group; Akio Kazama of ZOZO, Japan’s leading fashion commerce company; and Shinichiro Nishikawa of NTT DATA Global Payment, who has supported international financial innovation. They will be joined by senior leaders of Japanese enterprises based in Thailand.

Thai innovation and design leaders join the stage

From the host city, leaders shaping policy, business and design in Thailand will convene:

• Dr. Krithpaka Boonfueng, Executive Director of NIA, architect of the 4G Strategy for national growth
• Dr. Chakrit Pichyangkul, Executive Director of the Creative Economy Agency (CEA), driving Thailand’s creative economy
• Dr. Surapant Meknavin of the National Higher Education, Science, Research and Innovation Policy Council (NXPO), leading AI policy and digital transformation
• Dr. Nares Damrongchai, an international leader of organizational transformation
• Sumpatha Jadee, Senior Designer at Farm Group
A special live performance bridging music and innovation

Beyond the business and design sessions, SYNC will feature live performances by acclaimed Japanese and Thai artists, designed to symbolize the fusion of business and creativity and to broaden the event’s reach to wider audiences.

Featured artists include: Wednesday Campanella, KIKI, EYE VDJ MASA (with ALS MASATANE MUTO), Takahito Uchisawa (androp), STEREO DIVE FOUNDATION, Tom Kawada, Ohzora Kimishima, Hana Taguchi, inmintcondition, and others.

Special guest: Kumamon to appear with Manabu Mizuno

The forum welcomes a special guest from Japan: Kumamon, Sales and Happiness Manager of Kumamoto Prefecture. The beloved mascot will share the stage with creative director Manabu Mizuno, who designed Kumamon.

Event Overview
Name SYNC Design & Innovation in SITE 2026
Date Friday, June 26, 2026
Venue Paragon Hall, 5th Floor, Siam Paragon, Bangkok, Thailand
Admission Free (advance registration required)
Languages Thai / English / Japanese
Website https://syncforum.asia
Organizer Nikkei Business Publications, Inc.
Production & Co-organizers FOURDIGIT Inc., National Innovation Agency (NIA), Thailand
Supported by Creative Economy Agency (CEA)
Production partners Y’s Connection Inc., J-WAVE, Inc., iDID

Hashtag: #FOURDIGIT

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Huawei Code4Mzansi Highlights Developers Building for South Africa’s Real Economy

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Code4Mzansi highlights the growing strength of South Africa’s developer ecosystem and the role of youth-led innovation in shaping the country’s digital future

JOHANNESBURG, SOUTH AFRICA – Media OutReach Newswire – 26 May 2026 – South Africa’s emerging developers are building close to the ground, with many of the strongest solutions at the inaugural Huawei Code4Mzansi finals focused on systems people use every day: township retail, healthcare, energy, agriculture, payments and the creative economy.

The winners at the Huawei Developer Competition, Code4Mzansi

The competition was held in partnership with the Department of Small Business Development. “The Code4Mzansi competition is not just a celebration of achievement, it is a launchpad for the future,” said Minister Stella Ndabeni, whose department co-hosted the event and delivered the closing address.

The finals revealed a clear shift from building abstract digital products to practical tools that help small businesses trade better, communities access services more easily, and local industries solve problems faster.

Four finalist teams focused directly on the township economy, with solutions covering food safety verification for spaza shops, offline point-of-sale systems built for load-shedding, WhatsApp-native marketplaces for informal retailers, and community credit systems for SASSA grant recipients.

Others addressed AI-driven healthcare access, electricity theft detection, smart agriculture, financial infrastructure for the creator economy, and AI-generated African music.

Held at Huawei Office Park in Woodmead, the finals brought together more than 100 attendees, including government representatives, academic partners, industry leaders and media.

“The quality of the finalist solutions demonstrated the potential of local innovation to respond to real market needs,” said Steven Chen, Cloud CEO of Huawei Technologies South Africa.

Academic partners included the University of Pretoria, the University of Johannesburg, the University of the Witwatersrand and the University of Cape Town.

“Small businesses are the backbone of our economy, and technology is their greatest accelerator. The participants here today are future entrepreneurs who will drive South Africa’s digital economy forward,” said Professor Thokozani Shongwe, Vice Dean of Postgraduate Studies, Research and Internationalisation at the University of Johannesburg’s Faculty of Engineering and the Built Environment.

Industry partner rain also attended. Leon Nortje, Principal and Senior Architect at rain, said the competition offered a strong view of the country’s emerging technology pipeline.

“It is always good to see new projects and new teams working on solutions that are valuable and industry-related. We will be looking out for potential new employees,” said Nortje.

The winners

The finalists competed for a prize pool of R800,000. MAAT by SIMVAK was named the overall grand winner and received the Business Value Award, taking home R300,000. The platform addresses food safety and regulatory compliance in South Africa’s informal retail sector through AI agents, real-time product recall alerts, and counterfeit detection for the spaza shop ecosystem.

“The spaza network is the supply chain for most South African households,” said SIMVAK founder Shingirayi Mandebvu.

HealthHive by FTCK received second prize in the Business Value Award category, taking home R200,000, for its AI telemedicine platform that matches patients with the right medical practitioners based on their symptoms.

Auraa received the Grand Innovation Award for its AI music engine built to generate authentic African sound. The platform has been associated with an album that has crossed one million streams.

The Future Star Award went to e-Khadi, a community credit and stokvel platform giving SASSA grant recipients access to essentials at their local spaza shops, supported by AI-assisted credit scoring and fraud detection.

The People’s Choice Award, voted by the public on Huawei’s social media channels, went to DevRift, a semi-finalist in the competition, who took home R100,000.

Minister Ndabeni delivered the closing address, positioning Code4Mzansi within the government’s agenda for youth entrepreneurship, small business development and digital inclusion.

“Our task is to ensure that innovation does not remain a moment of applause, but becomes a pathway to enterprise creation, digital inclusion, and sustainable growth,” she said.

“Thank you to Huawei for being a perfect partner on the journey that we are travelling, and of course, those that matter most, the developers who dared to compete,” she said.

Code4Mzansi forms part of the global Huawei Cloud Developer Competition. In its inaugural edition, South Africa attracted more participants than any other country: 1,041 across 353 teams, including 176 enterprise teams, resulting in the highest enterprise participation rate among all competing markets. Twenty semi-finalists were selected before the top nine advanced to the final.

For the finalists, the work is just beginning. As Minister Ndabeni said, “Go home today proud. But tomorrow, wake up, build again.”

Hashtag: #Huawei #Code4Mzansi #SouthAfrica






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About Huawei

Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With 213,000 employees operating in over 170 countries, we serve more than three billion people worldwide.

Huawei is committed to bringing digital to every person, home, and organisation for a fully connected, intelligent world. In 2025, Huawei generated CNY880.9 billion in revenue, reinvesting 21.8% (CNY192.3 billion) into R&D, with about 53.7% of its employees working in R&D. As a private company fully owned by its employees, Huawei focuses on customer-centric innovation and open collaboration to create lasting value and drive technological breakthroughs globally.

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Hong Kong’s first astronaut participates in Shenzhou-23 manned spaceflight mission

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HONG KONG SAR – Media OutReach Newswire – 26 May 2026 – At 11.08pm on May 24, Dr Lai Ka-ying made history by becoming the first Hong Kong astronaut to blast off into space aboard the Shenzhou-23 manned spaceship. This momentous occasion also launched a new era for Hong Kong’s development of innovation and technology (I&T) as well as the city’s participation in national development under China’s 15th Five-Year Plan.

Congratulating Dr Lai on her achievement, John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR), said that the HKSAR can “transform from a ‘supporter’ of the country’s great aerospace endeavours into an ‘executor’ “.

Dr Lai Ka-ying (left) made history by becoming the first Hong Kong astronaut to blast off into space aboard the Shenzhou-23 manned spaceship.

“This not only demonstrates the HKSAR’s capability in contributing to the country’s development into an aerospace power, but also showcases how Hong Kong could better integrate into and serve the overall national development,” Mr Lee said.

“This mission is of great significance, as it is not only the first manned spaceflight mission during the 15th Five-Year Plan period, but also the first time for a payload expert from the HKSAR to participate in it.”

The Shenzhou-23 crew will conduct on-orbit rotation with the Shenzhou-21 crew. The crew, including Dr Lai, will stay in the space station and conduct multiple experiments and applications in various fields such as scientific applications.

The Secretary for Innovation, Technology and Industry of the HKSAR Government, Professor Sun Dong, led a delegation to the Jiuquan Satellite Launch Center to witness this historic moment. Members of the delegation included other government representatives, I&T experts, youths and students.

“I truly believe this is a great demonstration of Hong Kong integrating into and serving the overall national development through concrete actions, while contributing our strength in I&T,” Professor Sun said.

” ‘Science and technology is primary productive force, talent is primary resource, and innovation is primary driver of growth.’ The HKSAR Government will continue to drive the development of I&T, accelerate the establishment of an international I&T centre, and make greater contributions to building our nation into a strong power in science, technology, and aerospace.”

Commissioner for Innovation and Technology of the HKSAR Government, Mr Ivan Lee, said that the Government had been providing funding support for universities and research institutions in conducting aerospace technology-related projects through the Innovation and Technology Fund.

“In 2024, we launched a special call for funding applications, inviting universities to submit project proposals related to aerospace technology. Following a selection process, we supported six projects. Among them was the Multi‑Spectral Imaging Carbon Observatory (MUSICO) developed by a team from the Hong Kong University of Science and Technology,” he said.

On the Tiangong Space Station, Dr Lai will conduct experiments including operating the MUSICO — the world’s first lightweight, high-resolution synergistic observatory for carbon dioxide and methane emission point sources.

The Long March 2F Y23 carrier rocket carrying the Shenzhou-23 manned spaceship launched successfully at 11.08pm on May 24 at the Jiuquan Satellite Launch Center. ‎
The Long March 2F Y23 carrier rocket carrying the Shenzhou-23 manned spaceship launched successfully at 11.08pm on May 24 at the Jiuquan Satellite Launch Center. ‎

Born and raised in Hong Kong, Dr Lai is a Superintendent of the Hong Kong Police Force. In the recruitment exercise of China’s fourth batch of preparatory astronauts launched in 2022, she was successfully selected as a payload expert and was deployed to the China Astronaut Research and Training Center for training.

Before embarking on the historic spaceflight, Dr Lai expressed hope that it would inspire more Hong Kong youths to devote themselves to the field of I&T, thereby contributing to the country’s scientific and technological self-reliance and strength.

Hashtag: #HongKong #BrandHongKong #I&T #aerospace #technology





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