Amazon.com (NASDAQ: AMZN) announced on Tuesday its plans to invest approximately $7.2 billion in Israel by the year 2037. Additionally, the tech giant launched its Amazon Web Services (AWS) data centers within the country.
This strategic move will enable Israel’s government to utilize Amazon’s cloud services for running applications and storing data in locally situated data centers.
Yali Rothenberg, Accountant General of Israel, expressed confidence in the transformative potential of this venture, stating, “The establishment of the Region will enable us to migrate substantial governmental workloads to the cloud, and we are confident that it will help us accelerate digital transformation in the public sector.”
AWS, Amazon’s distinguished cloud computing platform, is utilized by a spectrum of companies including Netflix (NASDAQ: NFLX), General Electric (NYSE: GE), and Sony (NYSE: SNE). AWS facilitates functions such as storage, networking, and remote security.
With this expansion, AWS will now be accessible in 32 geographic regions. Moreover, Amazon’s investment in Israel is projected to contribute approximately $13.9 billion to the nation’s gross domestic product (GDP).