Amazon’s cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years.
Amazon said its investment will add 1.8 billion euros to the Spanish gross domestic product.
AWS Europe (Spain) Region allows customers to run workloads and store data securely in Spain while serving end users with even lower latency.
The new AWS Region is estimated to support more than 1,300 full-time jobs in Spain over 10 years.
AWS is launching a $150,000 (approx. 150,000 euros) AWS InCommunities Fund in Aragon to support local community projects.
Tens of thousands of customers in the Iberian Peninsula, including BBVA, Cabify, Hospital Clinic of Barcelona, Melia International Hotels, Renfe, Repsol, and the Spanish Ministry of Inclusion, Social Security, and Migration, are innovating on AWS.
Prasad Kalyanaraman, vice president of Infrastructure Services at AWS, said: “We will be investing in Aragon to support community projects led by local schools and organizations. Our investment in the AWS Europe (Spain) Region reflects AWS’s long-term commitment to support the country’s economic development, job creation, and business growth.”
“We welcome the investment of one of the world’s leading technology companies in Spain,” said Pedro Sanchez, prime minister of Spain. “The opening of the AWS Europe (Spain) Region is a significant milestone that helps position our country as a leading digital economy.”
AWS has 93 Availability Zones across 29 geographic regions, with announced plans to launch 18 more Availability Zones across six AWS Regions in Australia, Canada, India, Israel, New Zealand, and Thailand.