- Amazon Web Services (AWS) says it plans to spend US$8.88 billion (S$12 billion) over the next four years to expand its cloud computing infrastructure in Singapore.
- The company has invested US$8.5 billion (S$11.5 billion) in Asia Pacific up to 2023, and by 2028, planned spending will total more than US$17 billion (S$23 billion).
- AWS also announced partnerships with the Singapore government, public sector organisations and businesses to help accelerate the adoption of artificial intelligence and generative AI in Singapore.
- Southeast Asia is home to a young tech-savvy population of 670 million, so many tech giants are increasingly interested in Southeast Asia.
Amazon said it would invest US$8.88 billion (S$12 billion) in Singapore over the next four years to expand its cloud computing capabilities in the city.
Cooperation with local governments
The company has invested US$8.5 billion (S$11.5 billion) in Asia Pacific up to 2023, and by 2028, planned spending will total more than US$17 billion (S$23 billion).
Amazon said the figure doubles its investment in the city-state and will help it meet the growing demand for cloud services and adoption of artificial intelligence.
AWS also announced partnerships with the Singapore government, public sector organisations and businesses to help accelerate the adoption of artificial intelligence and generative AI in Singapore. Its investment will provide about 12,000 jobs per year to Singaporean companies.
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Tech giant’s investment in Southeast Asia
Southeast Asia is home to a young tech-savvy population of 670 million, so many tech giants are increasingly interested in Southeast Asia.
AWS had previously announced investments of US$5 billion in Thailand and US$6 billion in Malaysia.
Amazon’s announcement comes just days after Microsoft CEO Satya Nadella announced US$2.2 billion and US$1.7 billion investments in cloud services in Malaysia and Indonesia respectively during a visit to the region.
Despite its small size, abundant infrastructure and stable development trends have made Singapore a business and technology centre in Southeast Asia, a position that has been further consolidated in the aftermath of the epidemic.
