Investment applications to Thailand skyrocket
The Thailand Board of Investment (BoI) announced on Monday that investment applications in Thailand surged by 42% in the Jan-Sept period compared to the same period last year, led by electronics manufacturing and data center projects.
Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI). Photo of finance.yahoo.com.
The BoI reported that the total value of investment applications during this period rose to THB723 billion ($21.6 billion), the highest in a decade, with a significant portion coming from foreign investors.
Foreign investment applications increased by 38% year-on-year, reaching THB547 billion, with Singapore and China being the top investors.
The board highlighted that Thailand’s robust digital infrastructure, access to clean energy, and strong government support are creating an ideal environment for investments in data centers and advanced technologies, including semiconductor wafer production.
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