The eastern economic corridor office (EECO) and CtrlS Datacenters have signed a memorandum of agreement (MoA). In addition to opening its first hyperscale datacenter in Thailand, this is CtrlS’ first foray into a foreign market.

According to the terms of the agreement, CtrlS will lease a 10-acre (25-rai) land parcel in Thailand’s Chonburi Province for 50 years. The land will be used to construct a 150 MW greenfield datacenter campus, according to a statement from the company.

By 2024–2025, the company plans to triple the number of its data centers from eight to about 25, and it also intends to grow internationally by focusing on Southeast Asia and the Middle East markets.

The company added that the development of datacenters in the Eastern Economic Corridor will draw both domestic and foreign hyperscale and enterprise customers at a time when Thailand is becoming an attractive hub for digital infrastructure thanks to the digitalization of the entire nation, the rollout of 5G, and improved connectivity via highly efficient submarine cables with nations like the USA, China, Japan, Singapore, and Taiwan.

“Through this partnership, we hope to meet domestic and international customers’ needs for digital services. In addition to meeting domestic businesses’ high-end IT/computing needs, the datacenter is built to meet the needs of hyperscalers, according to a statement from Sridhar Pinnapureddy, chairman of CtrlS Datacenters Ltd.

The datacenter at EEC, for instance, is located close to submarine cable landing stations for the AAG (Asia-America Gateway) and ADC (Asia Direct Cable) systems, making it a point of connection with terrestrial and submarine cable networks to connect to other datacenters and industrial parks.

Additionally, it is close to the EEC startup incubator and elevated compared to areas prone to flooding. At the intersection of numerous fiber paths running north and south, the Eastern Corridor is geographically distinct from Bangkok.

According to Chula Sukmanop, Secretary-General of Thailand’s Eastern Economic Corridor Office (EECO), “CtrlS’ investment in EECO could result in several valuable future collaborations for the organization, communities, Thailand, and the rest of the world.”

CtrlS, which started operations in 2007, now manages eight data centers totalling more than one million square feet in India’s key technology hubs of Mumbai, Delhi-NCR, Bangalore, and Hyderabad.

According to Pinnapureddy, the company’s presence in the EEC region will attract new investments and employment opportunities for the local Thai population.

The global colocation data center market is anticipated to grow at a five-year compound annual growth rate (CAGR) of 11.3% from 2021 to 2026, according to a report released in April 2023 by global commercial real estate services JLL. The hyperscale market is anticipated to grow at about a 20% CAGR.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!