AWS eyes major cloud investment in Italy

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AWS is considering expanding its Milan site or building a new one, with investment discussions ongoing. AWS’s investment in Italy is expected to be substantial, though possibly smaller than its recent €15.7 billion investment in Spain. AWS has launched significant cloud regions in Europe, including Germany and Italy, and is focusing on infrastructure for telecom and other regulated industries. Amazon Web Services (AWS) is considering a major investment in Italy, potentially expanding its current site in Milan or building a new one.

Discussions are ongoing, with the investment expected to be substantial, though possibly smaller than AWS’s recent €15.7 billion investment in Spain. AWS’s focus on expanding its cloud infrastructure in Europe aligns with its broader strategy to support telecom customers and regulated industries. AWS’s Potential Investment in Italy Discussions between parties over the size and location of the investment are ongoing, with sources indicating that AWS is considering either expanding its current site in Milan or building a new one.

Both AWS and a spokeperson for Italy’s digital transition department declined to comment, while a spokesperson for Italy’s industry ministry was unavailable for comment. AWS’s Existing and Planned Investments AWS launched its first cloud region in Italy in 2020 as part of a plan to invest €2 billion by 2029, with clients including Ferrari and Assicurazioni Generali. Recently, AWS announced a €15.7 billion investment in data centers in Spain, surpassing a previous €2.5 billion plan. In Germany, AWS plans to invest €7.8 billion through 2040.

AWS is also building infrastructure to provide cloud services to telecom customers, securing Telefonica Deutschland as a client. Also read: AWS clarifies: NVIDIA advanced chip order is not cancelled Also read: Knowing the power of AWS hybrid cloud solutions Cloud Market Trends and Competitors’ Investments AWS’s investment plans are part of a broader trend of increased corporate spending on cloud computing, driven by interest in artificial intelligence. Alphabet has invested €1 billion in Italy to supply cloud services to Intesa Sanpaolo, while Microsoft announced its first cloud region in Italy as part of a $1.5 billion investment plan.

AWS is also focused on storing data on EU-based servers to protect data privacy for government and regulated industry customers.