Thailand’s Prime Minister Srettha Thavisin said on Sunday the country expects to receive investment of at least $5 billion from electric vehicle maker Tesla, Internet giants Google and Microsoft, Reuters reported on Sunday.

“Tesla would be looking into an EV manufacturing facility, Microsoft and Google are looking at data centers,” he said, without detailing whether the $5 billion was expected to be a combined investment or made individually by each company.

Tesla, Google and Microsoft did not respond immediately to requests for comment, the report added.

Srettha was speaking to reporters in Bangkok after attending the UN General Assembly in New York, according to Reuters.

According to the report, fresh foreign investment would boost Thailand’s flagging economy, which is expected to grow by 2.8 percent this year, less than previously projected, due to weaker exports.

It was reported that Srettha spoke with Tesla CEO Elon Musk last week about the electric vehicle sector. Thailand, Asia’s fourth-largest automobile assembly hub, has been offering incentives to EV and battery makers, and tax cuts to local EV buyers, to remain a regional auto centre.

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