AWS Bolsters European Presence with $1.3 Billion Italian Data Center Expansion

Generated by AI AgentWord on the Street
Thursday, Nov 7, 2024 7:00 am ET1min read

Amazon's cloud computing arm, AWS, announced plans to invest 1.3 billion USD over the next five years to expand its data center operations in Italy. This strategic move aims to bolster Amazon’s cloud services footprint across Europe. AWS had initially established its presence in Italy with the introduction of its first cloud region in 2020. With the newly announced funds, the company intends to invest a total of approximately 2 billion euros by 2029.

The investment is set to significantly enlarge AWS's data center operations in Milan. By 2029, the anticipated growth is expected to create up to 5,500 jobs across the AWS data center supply chain in various sectors such as construction, facility maintenance, engineering, and telecommunications. The expansion is also projected to have a positive ripple effect on the local economy, fostering opportunities in diverse related fields.

This expansion plan aligns with AWS's broader strategy of strengthening its infrastructure across the European continent. Previously, AWS has engaged in discussions with the Italian government to orchestrate multi-billion-euro investments aimed at scaling its Italian operations. Additionally, AWS has made significant financial commitments in other European regions, including a major investment in Spain's Aragon region and future plans in Germany.

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