BANGKOK, Jan. 13 (Xinhua) -- Thailand's investment application values surged 35 percent from a year earlier in 2024 to a combined 1.14 trillion baht (33 billion U.S. dollars), marking a 10-year-high thanks to large foreign projects in data centers and cloud services, official data showed on Monday.

The Southeast Asian country's overall investment applications rose 40 percent from the previous year to 3,137 projects, with foreign direct investments alone picking up 25 percent and representing 73 percent of the total value of applications last year, according to the Board of Investment (BOI).

The surge in investment pledge underscores investors' response to Thailand as a safe and neutral location amid trade tension and geopolitical issues, especially for digital sectors as well as semiconductor and advanced electronics manufacturing, BOI Secretary General Narit Therdsteerasukdi said in a statement.

For 2025, significant investments are projected in the clean energy sector, fueled by increasing demand from the digital and electronics sectors, Narit noted, adding that the electric vehicle and parts industry is also poised for continued growth, building on advancements in recent years. Enditem

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