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Google’s Investment will help in creating 14,000 jobs and boosting the economy.

Google has said that it will invest $1 billion worth of digital infrastructure in Thailand to enhance the country's capability in technology and cloud computing. The new investment in a data center will create some 14,000 jobs across the nation.

The investment will focus on the setting up of data hubs in Bangkok and Chonburi, an industrial area. The facilities are expected to meet the rapidly increasing demand for cloud computing solutions in Southeast Asia as the dependency on digital services in the region grows rapidly.

According to experts, this is an event developing post Microsoft's statement on the inauguration of Thailand's first region of data center. The move undergirds the competitive landscape for investments into the tech sector within the country.

According to Ruth Porat, president and chief investment officer at Google, "These investments will enable Thai businesses, innovators, and communities to tap into the potential of cloud and AI technology." This statement demonstrates that such investment by Google could empower local enterprises through innovation and digital growth.

Economic Impact and Future Prospects

Porat met with Thai Prime Minister Paetongtarn Shinawatra, and the terms of the investment were announced. Shinawatra lauded the step as it shows the transformation of Thailand into a great digital hub in Southeast Asia.

Expansion by Google would add about $4 billion to Thailand's GDP by 2029. It will mark a very important step in broadening the economy of the country, which has traditionally depended on the linchpins of traditional manufacturing and tourism.

As discussed, investment by flagship players in the tech industry could be the change of fate for this country's economy even after the COVID-19 outbreak. According to the predictions by the government of Thailand, this type of investment is anticipated to reach up to 30 percent of this nation's GDP by 2027. The nation hopes to compete with its peers in the Southeast Asian region.