XLY - Amazon AWS To Pump €7.8B Into German Cloud Expansion: Details | Benzinga
Amazon.com Inc’s (NASDAQ:AMZN) Amazon Web Services (AWS) unveiled its plan to invest €7.8 billion in the AWS European Sovereign Cloud in Germany through 2040.
The initiative will commence with the launch of the first AWS Region in the State of Brandenburg, Germany, by the end of 2025, catering to all customers.
The long-term investment by AWS will foster productivity gains, drive digital transformation in businesses, strengthen the AWS Partner Network (APN), enhance the skills of the cloud and digital workforce, and foster renewable energy projects.
AWS’s extensive investment is forecasted to contribute €17.2 billion to Germany’s GDP by 2040.
Additionally, it is expected to sustain around 2,800 full-time equivalent jobs annually in local German businesses, spanning various sectors such as construction, engineering, telecommunications, and other ancillary roles within the ...