Tecom embarks on its next phase of growth
Amazon.com Inc. plans to spend S$12 billion ($8.88 billion) over the next four years to expand its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) said on Tuesday.
The new investment adds to the S$11.5 billion the company has poured into the Asia Pacific Region until 2023, bringing its total planned spend to more than S$23 billion by 2028, AWS said in a statement.
AWS also announced a collaboration with the Singapore Government, public sector organisations, and enterprises to help accelerate the adoption of artificial intelligence (AI) and generative AI in Singapore, the statement said.
"AWS is doubling down on its cloud infrastructure investments in Singapore from 2024 to 2028 to support customer demand, and help reinforce Singapore’s status as an attractive regional innovation launchpad," AWS Country Manager Priscilla Chong said.
The announcement, made at the AWS ASEAN Summit in Singapore, marks the company's latest move in its plan to build AWS infrastructure regions across Southeast Asia. The company had previously announced a $5 billion investment in Thailand and a $6 bln spend in Malaysia.
ALSO READ:
Tecom embarks on its next phase of growth
Loyalty schemes, AI and customer retention will be key
Transaction value expected to hit $29.75 billion this year
Overall volume of digital payments in Mena has grown nearly seven-fold since 2020
In 2023, total consumption of gold in the UAE reached 39.7 tonnes
Maritime India Vision 2030 envisions investment of Rs1.25 trillion
Profitability, cash flow and capital expenditure guidance reiterated
Swiss pharma firm has an annual capacity of 250 million tablets