Site icon VMVirtualMachine.com

Amazon’s €15.7 Billion Cloud Service Investment Marks Spain’s Largest Technological Boost Ever – Olive Press News Spain

Amazon’s €15.7 Billion Cloud Service Investment Marks Spain’s Largest Technological Boost Ever – Olive Press News Spain
Spread the love

Amazon Web Services (AWS) has announced the largest technological investment in Spain, amounting to 15.7 billion euros. This project aims to provide cloud-based services and will result in the creation of 17,500 jobs over the next ten years, with a third of them being located in Aragon. The investment is expected to boost Spain’s Domestic Growth Product by €21.6 billion.

The Minister of Digital Transformation, José Luis Escrivá, emphasized that this investment solidifies Spain as a key digital hub in southern Europe, citing advantages such as connectivity, local climatic conditions, and energy sources. He also noted the potential of Spain’s geographical location to serve as a major logistics hub both nationally and within Europe.

This initiative represents a significant expansion from AWS’s initial project in 2021, which involved an investment of 2.5 billion euros and the creation of 1,300 jobs over a decade. The expansion includes the construction of data centers in Huesca, Villanueva de Gallego, and Burgo del Ebro, with plans to build four additional centers in the surrounding area. The development underscores Aragon’s position as a leader in cloud technology.

Suzana Curic, AWS Manager for Portugal and Spain, highlighted Aragon as the ideal location for the Cloud Region and data centers due to factors such as land availability, access to sustainable energy sources, local talent pool, and growth potential. Curic emphasized the commitment to training talent and fostering technological employment in the region through programs like the Think Big Space initiative, which aims to nurture new talents for the technology sector.

Overall, this unprecedented investment from AWS is a significant milestone for Spain’s technology sector, with the potential to drive economic growth, create high-quality jobs, and position the country as a key player in the digital landscape. The expansion of AWS’s operations in Spain underscores the country’s attractiveness as a destination for technology investments and highlights the growing importance of cloud-based services in driving innovation and economic development. With a focus on talent development and sustainable growth, this investment sets a positive trajectory for Spain’s digital future.

Article Source
https://www.theolivepress.es/spain-news/2024/05/22/spain-gets-e15-7m-cloud-service-boost-from-amazon-in-countrys-biggest-ever-technological-investment/

Exit mobile version