Thailand’s True Corp Is Launching a Co-Working Space Worth $500M

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True Corporation, one of Thailand’s biggest mobile operators, unveiled its 200,000-square-metre Digital Park project yesterday, reportedly worth $500 million (20 billion THB), reports The Bangkok Post.

The planned facility also aims to foster the development of the country’s digital economy, with support for digital innovations and tech startups. The park will be located on Sukhumvit 101, and is currently under construction, expected to be commercially launched in mid 2018, according to True CEO, Supachai Cheravanont.

True Corp will ask the government to provide special tax incentives to foreign investors who will be setting up offices at the park. 

The project will feature a vast co-working space in an open air green area, offices and data centers. It will also include broadband and advanced 4G network, catering to big and small companies, universities and research institutions.

As reported by Tech in Asia, True Corp has made big investments in the country’s tech scene. Apart from the launch of the digital park, True has also launched a startup accelerator program, working closely with Silicon Valley VC firm 500 Startups to incubate young entrepreneurs and projects.

Thailand’s tech scene is relatively young and is often overlooked in favor of Singapore and Indonesia. However, True’s big investment into a ‘digital park’ may be a positive indication of the future landscape of Thailand ecommerce.

Versions of this appeared in Bangkok Post and Tech In Asia on August 19. Read the full versions here and here.