Amazon’s cloud computing arm, AWS, announced a monumental investment of 15.7 billion euros ($17 billion) in constructing data centers in Spain’s northeastern Aragon region, extending until 2033.
This move is poised to catalyze significant economic growth, with an expected creation of approximately 17,500 indirect job opportunities in local enterprises and a projected contribution of 21.6 billion euros to Spain’s GDP over the investment period, as per Amazon’s official statement.
Spanish Digital Transformation Minister, Jose Luis Escriva, emphasized the significance of this commitment by AWS, stating, “This new commitment by AWS spotlights our country’s attractiveness as a strategic tech hub in southern Europe.”
Jorge Azcon, the head of the regional government of Aragon, hailed the investment as historic, affirming, “This is the biggest economic investment in the history of our region,” in a post shared on the social network X.
While Amazon’s AWS continues to lead the cloud computing sphere with a dominant 31 percent market share as of the close of 2023, according to Stocklytics, competitors like Microsoft and Google are rapidly advancing, capturing 24 percent and 11 percent of the market, respectively. The competition has intensified, especially with the proliferation of ChatGPT-style artificial intelligence solutions offered by these cloud providers, driving innovation and adoption across industries.
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