The company’s new commitment builds upon the S$11.5bn ($8.5bn) it has already invested in the Asia Pacific region up to 2023, bringing AWS’ total planned investment to over S$23bn ($17bn) by 2028
Amazon plans $9bn investment in Singapore to expand cloud infrastructure. (Credit: Shkuru Afshar/Wikimedia Commons)
Amazon Web Services (AWS) has revealed its plans to invest approximately S$12bn ($8.87bn) in Singapore over the next four years to expand its cloud computing infrastructure.
The company’s new commitment builds upon the S$11.5bn ($8.5bn) it has already invested in the Asia Pacific region up to 2023, reported Reuters citing an AWS statement.
According to the news agency, this move will bring AWS’ total planned investment to over S$23bn ($17bn) by 2028.
The announcement was made at the AWS ASEAN Summit held in Singapore.
As part of the commitment, AWS will also collaborate with the Singapore government, public sector organisations and enterprises to expedite the adoption of artificial intelligence (AI) and generative AI in the Southeast Asian country.
AWS country manager Priscilla Chong has been quoted by Reuters as saying: “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.”
Reuters also stated citing a report by the state news agency that Malaysia Trade Minister Tengku Zafrul Aziz mentioned Google is also planning to invest in the country, with an official announcement anticipated to come in the near future.
AWS’ new commitment strategy comes days after Microsoft disclosed its investment plans of $2.2bn in Malaysia and $1.7bn in Indonesia to advance AI and cloud infrastructure in the countries.
Previously in 2023 and 2022, AWS announced investment of $6bn in Malaysia and $5bn in Thailand, respectively. The company’s plans in the Asian countries included the launch of infrastructure regions.