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Amazon's Cloud Unit Earmarks €2.5B In Spain Over Next Decade

Benzinga · 11/16/2022 06:38
  • Amazon.com Inc's (NASDAQ:AMZN) cloud computing unit AWS plans to invest €2.5 billion ($2.60 billion) in Spain over the coming ten years, supporting 1,300 full-time jobs in the country.
  • Amazon said its investment would add €1.8 billion to the Spanish gross domestic product.
  • Also Read: Amazon Prepares For Mass Layoffs, After Twitter and Meta
  • AWS also announced a $150,000 (€150,000) AWS InCommunities Fund in Aragón, where the AWS Europe (Spain) Region is located, to help local groups, schools, and organizations initiate new community projects.
  • AWS had also shared plans to open an infrastructure Region in Thailand
  • The new AWS Asia Pacific (Bangkok) Region will consist of three Availability Zones, adding to the existing 87 Availability Zones across 27 geographic regions.
  • The upcoming AWS Region in Thailand will enable developers, startups, and enterprises to run their applications and serve end users from AWS data centers located in Thailand.
  • AWS plans an estimated investment of more than $5 billion (190 billion baht) in Thailand over 15 years.
  • Price Action: AMZN shares traded lower by 1.35% at $97.60 in the premarket on the last check Wednesday.
  • Photo by Tony Webster via Flickr