MADRID (Reuters) – Technology giant Amazon’s (NASDAQ:) cloud computing unit AWS will invest 15.7 billion euros ($17.02 billion) in data centers in Spain’s northeastern region of Aragon, the company said on Wednesday, significantly speeding up implementation expansion plan in the country.
The Aragon government said in a separate statement that the investment would take place over 10 years in the region that is already Amazon Spain’s hub, calling the plan “the largest technology investment in Spain and southern Europe.”
Amazon said in a statement that the new plan replaced the previous one announced in 2021, when the company committed 2.5 billion euros to Spain.
Amazon estimates the investment will create an average of 17,500 local jobs per year through 2033.
“Amazon Web Services’ decision to choose Spain puts us at the forefront of technological innovation and artificial intelligence in Europe,” Amazon quoted Digital Transformation Minister José Luis Escriva as saying.
The US tech giant said it will power its data centers in Spain entirely with renewable energy.
Various cloud providers such as AWS and Microsoft (NASDAQ:) Azure are investing heavily across Europe in building data centers and have had clusters in the same regions in the past.
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