A parade of CEOs from Fortune 500 companies, including Microsoft, Nvidia, and Apple, has been trooping through Southeast Asia in recent months, promising billions of dollars worth of investments in Thailand, Malaysia, Indonesia, Vietnam, and Singapore.

Other tech companies, such as Amazon and Google, have earmarked billions for data centers and cloud facilities in the region. And last year, Tesla opened a regional headquarters and service center in Malaysia.

Geopolitics is partly driving this surge in foreign investment deals in Southeast Asia. As trade relations between the U.S. and China deteriorate, many Western multinationals are “de-risking” by shifting supply lines out of China.

But Southeast Asia is an attractive market in its own right. The region’s GDP grew more than 56% to nearly $4 trillion between 2015 to 2023, according to the International Monetary Fund.

Fortune has been watching the rise of Southeast Asia’s economies with keen interest, and we’re expanding our operations in the region. So, this week, we launched our first-ever Fortune Southeast Asia 500 ranking of the largest firms in seven Southeast Asian countries based on fiscal year 2023 revenue.

Companies on the Fortune SEA 500 reported total earnings of $130 billion on $1.8 trillion in revenue. The top five firms, comprised of three Singaporean commodities traders and two state-owned oil and gas producers, accounted for 26% of the revenue generated by all companies on the list.

You can see the full list here and read more takeaways from this list here.