Gulf Development Public Company Limited (GULF) has won the Best Structured Finance Deal (Thailand) category at the FinanceAsia Awards 2025 for securing a green loan to support the development of its GSA Data Center 01 project.
The company was recognised for raising approximately THB 7.3 billion through a limited-recourse project finance structure, marking the first data centre project in Thailand to adopt this financing model. The structure relies on project cash flows and assets as collateral, enabling efficient risk management while attracting strong participation from leading financial institutions.
The GSA Data Center 01 project, located in Samut Prakan, has received LEED Gold certification, reflecting its focus on energy efficiency and sustainable design. It is also certified under ISO/IEC 27001:2022 standards for information security management, reinforcing its reliability and compliance with global data governance practices.
Designed as AI-ready infrastructure, the facility supports high-performance computing and advanced cooling technologies to optimise energy use. Building on this, GULF is developing additional data centre projects under the GSA02 and GSA03 phases in Thailand’s Eastern Economic Corridor, further strengthening its digital infrastructure portfolio.