Amazon to invest $9bn in Singapore to expand cloud services
#Finance
Amazon to invest $9bn in Singapore to expand cloud services
Loveworld / 21 mins
May 7, 2024
2 min read
Announcement comes after rival Microsoft last week unveiled major investments in Malaysia, Thailand and Indonesia.
Amazon has revealed its intentions to inject $9 billion into Singapore to enhance cloud infrastructure in the city-state. This announcement, made during the Amazon Web Services (AWS) ASEAN Summit on Tuesday, follows the Seattle-based tech giant’s unveiling of multibillion-dollar investments in cloud services in Malaysia and Thailand last year.
Singapore, while Apple CEO Tim Cook last month visited Singapore, Vietnam and Indonesia.
On Monday, Malaysia’s trade and investment minister Tengku Zafrul Aziz said Google would announce plans to invest in the country “in the near future”, the state-run news agency Bernama reported.
