The Consul-General of Thailand in Dubai & the Northern Emirates attended an Iftar dinner hosted by Mr. Hussein Sajwani, Chairman of DAMAC Group, and his spouse. The event was attended by the diplomatic corps, including Ambassadors and Consuls General from various countries accredited to the United Arab Emirates, namely Thailand, Indonesia, the United States, Italy, the United Kingdom, Spain, and Malta, and was held at the hosts' residence in The Palm, Dubai.

 

In November 2024, DAMAC Group announced its investment in a 100 MW Data Center project in Thailand, valued at 1 billion USD. The first phase of the project involved the acquisition of Seashore Data Center and Cloud Service, a Thai company, with an investment amounting to 1.7 billion THB. The data center is expected to begin operations, offering 5 MW of data services by March of this year.

 

In the preceding year, companies from the UAE submitted applications for investment in 13 projects in Thailand, amounting to a total of 523 million THB. Noteworthy among these projects are Clean Max Energy’s investment in the construction of 14.5 MW Solar Cell power plants, with 6 projects totaling an investment of 354 million THB, as well as the recent project by DP WORLD Holdings (Thailand), establishing an International Business Center (IBC) in Thailand.

 

In 2024, Thailand attracted significant foreign investments in the digital sector, particularly in key infrastructure such as Data Centers and Cloud Services, with leading companies from the United States, China, Hong Kong, Japan, India, Australia, and the UAE contributing to 16 projects, collectively amounting to over 240 billion THB. This sector has become the leading area of investment. The Royal Thai Government continues to implement policies and measures to promote foreign investment, including tax incentives (CIT exemption up to 8-13 years), with nationwide special economic zones and industrial estates, robust infrastructure in the fields of digital technology and renewable energy to support investment, including the Utility Green Tariff (UGT) policy, which facilitates greater access to green electricity for businesses.