- 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
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