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Amazon commits US$9 billion investment in Singapore to expand its cloud computing infrastructure
Amazon last month said AWS was on track to bring in more than US$100 billion in sales over the course of a year for the first time. Amazon executives said AWS is benefiting from corporate technology modernisation projects as well as demand for AI services.
The announcement came as part of an AWS Asean Summit in Singapore, where AI took centre stage with a series of initiatives from the US company. The city state was the first data centre region that AWS established in Asia.
“This investment will create a ripple effect across Singapore by increasing economic growth and cloud adoption,” said AWS country manager Priscilla Chong.
Amazon estimates that its planned investment will support an average of 12,300 full-time equivalent jobs in local Singapore businesses each year. The company will also conduct workshops for more than 100 businesses in two years, partnering with the Singapore government to help small businesses leverage generative AI.
Singapore has grown into a hub for US businesses in Asia, such as Meta Platforms and Google parent Alphabet, and is seen as a gateway to the broader Southeast Asia region, which is expected to grow at a rapid clip.
Microsoft, AWS’ biggest rival in cloud services, did a tour of local economies last week, with chief executive Satya Nadella announcing a series of new investments and initiatives for Indonesia, Malaysia and Thailand.