Thailand Clears $29 Billion Investments Led by TikTok Project

Thailand approved 958 billion baht ($29 billion) of investment projects, led by TikTok System (Thailand) Co.’s planned expansion of data infrastructure as the country pushes to become a regional hub for artificial intelligence and cloud services.

TikTok’s 842 billion-baht project will add servers and expand data storage and processing facilities across Bangkok and the neighboring provinces of Samut Prakan and Chachoengsao, according to a statement Wednesday from the Board of Investment. The plan also includes digital literacy and e-commerce training programs.