Thailand’s listed warehouse and factory developer WHA Corporation has signed the memorandum of understanding with NTT Facilities, Japan based information technology and data centre operator, to form a joint venture in setting up the first such facility in Thailand.
This data centre would respond to the government’s policy to promote Thailand to be the regional digital hub in the future, said WHA’s chief executive Somyos Anantaprayoon.
“Data centre will be a significant step for develop the country’s economy. We want to be the first mover as well as boost our competitiveness and create connectivity for all our warehouses, factories and offices for rent,” he said.
He had previously met Deputy Prime Minister Pridiyathorn Devakula, who told him that the government would give a full support to make it happen including, the provision of tax incentives via the Board of Investment and some subsidy for electricity cost.
The cooperation between WHA Corp and NTT is a strong synergy as WHA is one of the country’s leaders in logistics and warehouses. Therefore, it has warehouses in good strategic locations which are suitable for setting up the data centre for both Thai and foreign investors.
Meanwhile, NTT Facility will use its expertise in data centre to build the leading data centre in ASEAN. Currently, it has the market share up to 30 per cent in Japan.
So far, WHA and NTT is working on the joint venture company’s structure, but WHA will hold the majority stake in this joint venture.
Once the data centre starts the operation, he expects that it will generate the revenue to the company immediately and initially he targets to make one billion baht per year. However, this target is also up to how many biddings for the government’s projects it can win.
He said that WHA is trying to become the regional hubs for four businesses in the future. They are logistics hub, industrial hub, utility and power hub and digital hub.