Amazon’s cloud computing division, AWS, has announced a significant investment of 15.7 billion euros ($17 billion) in data centers in the Aragon region of northeastern Spain by 2033. This investment is expected to create around 17,500 indirect jobs in local companies and contribute 21.6 billion euros to Spain’s gross domestic product over the specified period. The Spanish Minister of Digital Transformation, José Luis Escrivá, praised this move by AWS, highlighting the country’s appeal as a strategic technological hub in southern Europe.
The president of the regional government of Aragon, Jorge Azcón, described this investment as the largest economic investment in the history of the region. Amazon’s AWS, known for pioneering e-commerce, currently dominates the cloud computing market with a 31 percent share as of the end of 2023. However, competitors like Microsoft and Google are gaining ground, holding 24 percent and 11 percent market share in the cloud business, respectively. The competition has intensified with the introduction of artificial intelligence solutions like ChatGPT offered by cloud companies to their customers.
Overall, this investment by AWS in Spain is a significant step towards strengthening the technological infrastructure in the region and creating economic opportunities through job creation and contribution to the country’s GDP. The move also underscores the growing competition in the cloud computing industry, with major players vying for market share through innovative solutions and strategic investments.
The AFP reported on this development, emphasizing Amazon’s commitment to investing in Spain and the potential impact it could have on the local economy. The information provided in this article is subject to copyright restrictions, and reproduction without written permission is prohibited. This investment by AWS reflects the company’s long-term vision for expansion and growth in the cloud computing sector, as well as its recognition of Spain as a key market for technological development.
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