Amazon.com (AMZN.O) recently announced its intention to take a position nearly $9 billion in Singapore to expand its cloud infrastructure. The announcement was made throughout the Amazon Web Services (AWS) ASEAN Summit on Tuesday (May 7).
Last yr, the corporate announced similar billion-dollar investments in Malaysia and Thailand.
By investing $8.888 billion over the subsequent 4 years, Amazon plans to expand the infrastructure of its Amazon Web Services (AWS) subsidiary in Singapore. This goals to satisfy growing customer demand for cloud services and speed up the adoption of artificial intelligence (AI) technologies.
The investment is predicted to create 12,000 latest jobs annually in Singapore and support the country’s GDP of $23.7 billion. The company also plans to conduct greater than 100 workshops for businesses and work with the federal government to expand the usage of artificial intelligence by small businesses.
The announcement of this investment comes shortly after rival Microsoft, AWS’s biggest cloud services competitor, recently announced billions of dollars in investments in Southeast Asia. CEO Satya Nadella, during his regional visit last week, revealed plans to take a position $1.7 billion in Indonesia, $2.2 billion in Malaysia and open a brand new data center in Thailand.
Since 2010, Singapore has been Amazon’s first data center in Asia, supporting digital services for various industries including Grab, financial institutions, startups and the general public sector. By 2023, AWS has invested A$11.5 billion in Singapore.
Despite being considered one of the world’s largest data centers, Singapore shelved latest data center projects in 2019 as a result of environmental concerns, prompting some operators to construct facilities in Malaysia and Indonesia.
Singapore has resumed development of a brand new data center with higher green standards after inviting bids from various parties including Equinix, GDS, Microsoft, ByteDance and AirTrunk. The Singapore government has committed to continuing to interact with the industry and expand production capability yr on yr, although land allocation stays a significant issue as a result of land constraints and the give attention to the green economy.
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