DayOne Invests $1bn in Thailand's Digital Infrastructure Expansion
Deal News | Mar 19, 2025 | fitch media ventures
Thailand is witnessing a significant surge in international interest for its data centre market, driven by proactive government policies and collaboration. The sector, projected to reach 386MW by 2027, is attracting substantial investments from global tech giants and local telecom operators. DayOne, representing China-based GDS, plans a $1 billion push into digital infrastructure in Thailand over the next five years, with initiatives like the Chonburi Tech Park. The Thailand Board of Investment (BOI) has sanctioned $2.7 billion worth of data centre projects, stimulating this burgeoning sector. Notable companies such as AWS, Alibaba Cloud, ByteDance, and Tencent are expanding in the region, making Thailand a significant contender in Southeast Asia's digital race. Despite concentration risks due to limited sub-markets, the region's abundant power supply and strategic emphasis on sustainability, alongside green financing, offer promising growth avenues. The demand for cloud computing and AI infrastructure investments further underscore the critical role of capital and private markets in financing these developments.
Sectors
- Digital Infrastructure
- Technology
- Real Estate
- Sustainable Energy
Geography
- Thailand – The article is centered around Thailand's growing data centre market and investments.
- China – Several Chinese companies, like GDS, are involved in investing and expanding in Thailand.
- Southeast Asia – Mentions competitive dynamics and growth in digital infrastructure across countries like Singapore, Malaysia, and Vietnam.
Industry
- Digital Infrastructure – The article discusses investments in digital infrastructure, specifically focusing on data centres in Thailand.
- Technology – It highlights the role of international tech companies in expanding digital capabilities in Thailand.
- Real Estate – Explores the development of data centre campuses and park facilities in regions like Chonburi.
- Sustainable Energy – Mentions the emphasis on sustainability in the digital infrastructure sector.
Financials
- USD 1 billion – Investment by DayOne into Thailand's digital infrastructure over five years.
- USD 2.7 billion – Total value of data centre projects approved by Thailand's Board of Investment.
- USD 400 million – Proposed investment by GSA Data Center 02 for a data centre in Chonburi Province.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| DayOne | Investing Company | Company | The international unit of China-based GDS making significant investments in Thailand. |
| Thailand Board of Investment (BOI) | Government Agency | Government | Approves and facilitates investments in Thailand's data centre projects. |
| AWS | Investor | Company | An international cloud service provider operating in Thailand. |
| GDS | Data Centre Operator | Company | Mainland China-based data centre operator investing in Thailand. |
| Alibaba Cloud | Cloud Service Provider | Company | Provides cloud services and has a presence in Thailand. |
| ByteDance | Tech Company | Company | Involved in providing services to China-based customers in Thailand. |
| Tencent | Tech Company | Company | Active in the data centre market in Thailand. |
| Proen | Telecom Operator | Company | Engaged in a joint venture with Edgnex in Thailand. |
| Edgnex (under DAMAC Group) | Joint Venture Partner | Company | Collaborating with Proen in Thailand's telecom space. |
| AIS | Telecom Operator | Company | Deploying Oracle Alloy in its data centres in Thailand. |
| Microsoft | Tech Company | Company | Planning to expand its presence in Thailand's data centre sector. |