Monday, July 22, 2024

Thailand BOI Approves Investment Worth USD1.54 billion in Biochemicals, Data Centers, and Hospital

Thailand’s Board of Investment approved large projects worth 56.95 billion baht, including a bio-ethylene plant, data centers, power plants, and a hospital, to advance economic growth and environmental protection.

Thailand’s Board of Investment Approves Major Investment Projects

Thailand’s Board of Investment has given the green light to large investment projects totaling 56.95 billion baht. These projects include a bio-ethylene plant, data centers, power plants, and a hospital, all aimed at boosting economic growth and environmental protection in the country.

Overview of Approved Projects

The investment promotion applications of eight projects were approved during a meeting chaired by Mr. Pichai Chunhavajira, Deputy Prime Minister and Chairman of the BOI. These projects cover a range of sectors, including bio-ethylene production, data hosting, and quarantine facilities for animals, reflecting Thailand’s commitment to sustainable development and digital transformation. Additionally, incentives for automotive parts manufacturers and support for Thai startups were also part of the approval.

Support for Thai Startups and Contact Information

The BOI also announced measures to support high potential startup enterprises in target industries, providing cash support ranging from 20 to 50 million baht. For more information on these initiatives and the approved projects, interested parties can contact the Thailand Board of Investment at Tel. +66 (0) 2553 8111 or visit their website. These efforts signify Thailand’s continued commitment to fostering innovation and driving economic growth in line with global trends.

Source : Thailand BOI Approves Investment Worth USD1.54 billion in Biochemicals, Data Centers, and Hospital

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