Tuesday, December 17, 2024

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Thailand’s BOI Greenlights $2 billion in new Tech Investments and Extends Incentive Package

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Thailand’s Board of Investment has greenlit $2 billion in new technology projects, highlighting a significant investment in the sector. Notably, Google’s commitment of $968 million for a new data center is a major component of this initiative.

In response to recent northern floods, the BOI has reinstated investment incentives to boost the economy and attract further investments. These measures aim to support companies during the recovery phase.

Overall, the approval of these projects and the introduction of relief measures signal Thailand’s dedication to fostering a robust technological landscape while mitigating the impact of natural disasters on the economy.

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