Connect with us

Business

Amazon Will Invest $2.6 Billion In Spain

Published

on

Amazon Will Invest $2.6 Billion In Spain

(CTN News) – AWS, Amazon’s cloud computing plans to invest 2.5 billion euros ($2.60 billion) in Spain over the next ten years as part of its expansion plans.
According to Amazon, its investment in Spain is expected to increase Spanish gross domestic product by 1.8 billion euros.

As a result of AWS Europe (Spain) Region being located in Spain, customers are able to run workloads, store data, and serve end users with lower latency than before.

It is estimated that over the next 10 years, the newly established AWS Region in Spain will support over 1,300 full-time jobs.

The Amazon Web Services (AWS) InCommunities Fund in Aragon will support local community projects with a donation of $150,000 (approx. 150,000 euros).

There are over ten thousand customers on the Iberian Peninsula who use AWS for their business innovation. These include BBVA, Cabify, Hospital Clinic of Barcelona, Melia International Hotels, Renfe, Repsol, and the Spanish Ministry of Inclusion, Social Security, and Migration.

The vice president of Infrastructure Services at Amazon Web Services, Prasad Kalyanaraman, said: “We will be investing in Aragon to support community projects being organized by local schools and organizations.

There is no doubt that AWS has a long-term commitment to support the country’s economic development, job creation, and business growth as a result of its investment in its AWS Europe (Spain) Region.

A well-known technology company has invested in one of the leading economies in the world, and we wish them a lot of success in the future,” said Pedro Sanchez, the Spanish prime minister.

It is a significant milestone to see Amazon Web Services Europe (Spain) Region open its doors to the world, as it helps position our country as a leader in digital economics.”

As of today, Amazon Web Services offers 93 availability zones across 29 geographical regions. It announced plans to launch 18 more Availability Zones across six AWS regions in Australia, Canada, India, Israel, New Zealand, and Thailand.

SEE ALSO:

Target’s 3Q Profit Drops 52% As Shoppers Demand Discounts

Continue Reading