Thailand Approves SC Zeus Project as Part of $3.1B in New Data Centre Investments

The government of Thailand on Thursday approved seven digital infrastructure projects representing a total investment of more than $3.1 billion, including a development of SC Capital Partners’ SC Zeus Data Centers.

The planned facilities will have a combined IT load capacity of 368 megawatts, Thailand’s Board of Investment said in a release. The SC Zeus project, to be built in Bangkok with Thai partner STECON Group, will support an IT load of 25MW at a total investment cost of $300 million.

SC Zeus last month broke ground on its first Japanese data centre, a 70MW project in Osaka. The unit of Singapore-based SC Capital had not responded to a request for comment on the Bangkok project at the time of publication on Friday. 

“As demand for digital services grows, Thailand needs strong and reliable infrastructure to support long-term growth,” said BOI secretary general Narit Therdsteerasukdi. “These strategic investments are crucial for accelerating Thailand’s digital transformation. By building secure and high-performance data capabilities, we are fulfilling the rising demand and enabling businesses to innovate and prosper, both domestically and across the region.”

Digital Hub Develops

The newly approved projects include three data centres in Bangkok’s neighbouring Samut Prakan province and eastern Thailand’s Chonburi province with a total investment cost of $1.4 billion. The developments by True Internet Data Center, an arm of the Charoen Pokphand Group controlled by the billionaire Chearavanont family, are designed for a combined IT load of 223MW.

Also receiving the green light were two projects in Samut Prakan and at WHA Eastern Seaboard Industrial Estate 5 in Rayong province with a total investment cost of $1.2 billion. The developments by a joint venture of Singapore’s Singtel and Thailand’s Gulf and AIS are expected to have a combined IT load of 120MW.

A seventh project, led by Singapore’s Freyr Technology, will see a $200 million investment in data hosting systems in Rayong and Samut Prakan.

Last year Thailand’s BOI received 36 data centre projects with a combined investment value in excess of $23.1 billion, including facilities in Bangkok, Chachoengsao, Chonburi, Pathum Thani, Rayong and Samut Prakan.

“By expanding our domestic data center capabilities, we ensure faster data access (low latency), bolster cybersecurity, and strengthen data sovereignty,” Narit said. “This makes Thailand an even more attractive destination for global digital players and a true digital innovation hub for ASEAN.”

Global Capacity to Surge

Thailand’s latest investments in digital infrastructure come as global data centre capacity is expected to nearly double from 103 gigawatts to 200GW by 2030, JLL said last week.

The surge will require up to $3 trillion in total investment over the next five years, including $1.2 trillion in real estate asset value creation and $870 billion in new debt financing, marking what JLL calls an infrastructure investment supercycle, according to the consultancy’s 2026 Global Data Center Outlook.

“We’re witnessing the most significant transformation in data center infrastructure since the original cloud migration,” said Matt Landek, global division president of data centres and critical environments at JLL. “The sheer scale of demand is extraordinary. Hyperscalers are allocating $1 trillion for data centre spend between 2024 and 2026 alone, while supply constraints and four-year grid connection delays are creating a perfect storm that’s fundamentally reshaping how we approach development, energy sourcing and market strategy.”