Berlin, June 19, 2024 (Financeflashnews) – American e-commerce giant Amazon has announced another major investment in Germany. Over the next two years, it plans to pour €10 billion into the country, with the majority of this sum going towards its cloud computing division Amazon Web Services (AWS).
This increase in investment follows on from the €7.8 billion that AWS earmarked last month to build a data center in Germany. The first cloud complex will be located in Brandenburg and is expected to go into operation by the end of 2025.
One of the goals of this investment is to further strengthen the trust of European countries and government agencies in Amazon’s cloud services. By placing data in Germany, concerns about its transfer to other jurisdictions, particularly the US, are to be reduced.
The investment is also expected to create thousands of new jobs in Germany. By the end of 2026, Amazon is expected to employ around 40,000 people in the country.
Amazon’s move is seen as a testament to Germany’s attractiveness as a business location. The German government sees investment in cutting-edge technologies as key to strengthening the country’s economic competitiveness.
In addition to Germany, Amazon has recently also announced major investments in the development of cloud computing in Spain and in building cloud and logistics infrastructure in France.
In the cloud computing space, Amazon holds a dominant position. At the end of 2023, it had a 31% share of this market, but competitive pressure from Microsoft and Google is growing.
Amazon’s investments in Germany are positive news for the technology sector in Europe. They are expected to bring new jobs, strengthen digital infrastructure and accelerate cloud computing in the region.
