BOI has approved over 1.6 trillion baht of data-centre projects since 2024. CIMB says the spending flows to power and energy systems (25-35%), cooling and mechanical systems (20-30%), land and site development (5-15%), civil works and buildings (15-20%), and project services, fire safety, building management, security and IT equipment. Early GDP effect will be small because much of the equipment is imported. For a Thai SME, the opportunity is in local supply chains: electrical, cooling, construction and maintenance services. CIMB notes that skills upgrades and local content are needed to capture it.