Bangkok, May 15, 2025 – As the global digital economy rapidly advances into the age of artificial intelligence and hyperscale data consumption, Thailand is positioning itself to lead the charge in Southeast Asia. In a major step toward this vision, a new strategic partnership has been announced between Charoen Pokphand Group (CP Group), Global Infrastructure Partners (GIP)—a part of BlackRock—and True IDC, Thailand’s leading data centre provider. The collaboration aims to elevate Thailand’s digital infrastructure to world-class standards, with a focus on expanding data centre capacity, cloud services, and renewable energy solutions to support the growing demands of AI and cloud computing.
Mr Suphachai Chearavanont, CEO of CP Group and Chairman of True Corporation Public Company Limited, said the transition to the Giga Data Centre Age presents a critical opportunity for Thailand. Countries with strong data centre infrastructure will emerge as global digital economy hubs. For this reason, CP Group, through True IDC—Thailand’s No.1 data centre and cloud service provider—is establishing this major strategic partnership with GIP, the world’s premier infrastructure investing platform. The partnership is designed to drive the expansion of Thailand’s digital infrastructure and support the growth of global technology businesses.
“GIP’s global expertise in infrastructure management, combined with True IDC’s strengths in data centres and cloud services, network connectivity, and renewable energy solutions, will enhance True IDC’s capabilities and drive its expansion across ASEAN,” said the CP Group CEO. He further stated that the global economy is now entering the “Giga Data Centre Age”, where data is the “new oil”, making it the most valuable resource—one that requires advanced data centres for processing. “Data centres will be the heart of the new economy,” he emphasised.
Mr Bayo Ogunlesi, Founding Partner, Chairman and CEO of GIP, and Senior Managing Director at BlackRock, commented, “The growth of data consumption and AI requires significant amounts of private capital to fund investments that help the world’s leading data centre developers and operators provide this essential infrastructure to their customers. We are very pleased to establish this strategic partnership with CP Group and True IDC to accelerate digital infrastructure capabilities across Thailand and, more broadly, Asia to meet growing demand.”
Mr Thanasorn Jaidee, President of True IDC, affirmed, “True IDC has always been committed to driving Thailand to become the digital hub of ASEAN. This collaboration with GIP will accelerate the realisation of that goal. Currently, hyperscale businesses and AI technologies are growing at an exponential rate. This partnership will strengthen True IDC’s business expansion and help maintain our position as Thailand’s No.1 data centre leader amid intense competition. We are confident that GIP, with its expertise in managing and investing in global infrastructure, will enhance True IDC’s capability to fully expand its business across ASEAN. This collaboration is therefore a key strategy to support the growing digital ecosystem and regional digital transformation.”
The partnership is expected to significantly accelerate True IDC’s growth. Over the next three to five years, the company plans to exponentially expand its investment in the data centre business, targeting the deployment of over US$1 billion in capital.
Additionally, True IDC aims to increase the use of clean energy, invest in R&D for technological and sustainability innovations in data centres, enhance operational standards and corporate governance, and broaden its service footprint across ASEAN. True IDC, CP Group and GIP are committed to strengthening Thailand and ASEAN’s leadership in digital infrastructure, laying the foundation for sustainable technological growth across all sectors.
The partnership between True IDC and GIP-BlackRock is not merely a business expansion; it marks a pivotal step in transforming Thailand into the digital hub of ASEAN. As the world rapidly enters the era of AI and cloud, this collaboration unites Thailand’s No.1 data centre leader with a global infrastructure powerhouse to drive the nation’s digital economy forward and attract major technology investments from around the world. It is a defining moment for Thailand’s digital industry, laying a strong foundation for the country to enhance its global presence. True IDC and GIP are committed to building a stable, sustainable, and influential future in the global digital economy—because Thailand will no longer be just a “technology user” but will rise to become a true centre of innovation and digital infrastructure in the region.