Crédit Agricole CIB has facilitated a US$530 million financing deal for True Internet Data Center, supporting the development of a greenfield hyperscale data center in Thailand, marking a significant step in enhancing the country's digital infrastructure.

Target Information

True Internet Data Center (True IDC) is Thailand's premier provider of data center and cloud services. This enterprise operates as a strategic joint venture between the prominent Thai conglomerate Charoen Pokphand Group (CP Group) and Global Infrastructure Partners (GIP), a subsidiary of BlackRock. True IDC aims to significantly enhance Thailand’s digital infrastructure, positioning the country as a driving force in Southeast Asia’s digital economy.

With a financing investment of US$530 million facilitated by Crédit Agricole CIB, True IDC plans to develop a state-of-the-art greenfield hyperscale data center in Rayong, Thailand. This initiative not only underscores the growing importance of digital services in the region but also highlights the role of joint ventures in propelling technological advancement and infrastructure growth.

Industry Overview in Thailand

The digital infrastructure market in Thailand is rapidly expanding, spurred by increasing demand for cloud computing and data center services. As businesses and consumers alike transition toward digital solutions, the necessity