BOI approves investment incentives for 15 projects worth 240 billion baht

The Board of Investment (BOI) has approved investment incentives for 15 major projects valued at approximately 240 billion baht, covering key sectors such as data centres, clean energy, smart industrial estates, marine transport, and potassium chloride production. The BOI meeting was chaired by Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas, (เอกนิติ นิติทัณฑ์ประภาศ) with Secretary-General Narit Therdsteerasukdi (นฤตม์ เทอดสถีรศักดิ์) confirming the approvals.

In addition, the BOI has selected a first batch of 16 projects to participate in the Thailand FastPass scheme, which expedites the investment promotion process for qualifying investors. These projects, representing over 170 billion baht in investment, span biotechnology, next-generation automotive parts, aerospace components, advanced electronics, hyperscale data centres, and smart logistics. They are expected to create more than 7,000 jobs for Thai workers. Projects granted a Thailand FastPass card must make at least 20 percent of their committed investment within six months to ensure accelerated and tangible contributions to the economy.

To support these investments, the BOI has addressed key bottlenecks including electricity, land availability, and visas. The National Energy Policy Council has allowed EGAT to sell power directly to high-demand data centre operators, while the Energy Regulatory Commission prepares to implement new tariffs for green electricity services. Land allocation and industrial site planning are being fast-tracked, and visa and work permit procedures for investors are being streamlined, including integration of the Single Window system with Thai e-Visa services.
The BOI also reviewed investment promotion for the steel industry, introducing measures to shift support toward high-quality, environmentally friendly production and reduce oversupply in midstream and downstream sectors.

These approvals and initiatives reflect Thailand’s ongoing commitment to attract strategic investment, boost economic growth, and enhance the country’s competitiveness in high-tech, clean energy, and industrial sectors.