SEATTLE (dpa-AFX) - Amazon.com's (AMZN) Amazon Web Services is planning to
invest 12 billion Singapore dollars, equivalent to $9 billion, to develop
Singapore's cloud computing infrastructure over the next four years.

'This investment will create a ripple effect across Singapore by increasing
economic growth and cloud adoption,' said AWS country manager Priscilla Chong.

The proposed investment, announced at the AWS ASEAN Summit in Singapore, aims to
meet the growing demand for cloud computing services, enhance digitalization,
and facilitate the adoption of artificial intelligence in the Southeast Asian
country.

Additionally, the planned investment is expected to create around 12,300
full-time jobs every year and conduct workshops for businesses to adopt
artificial intelligence and cloud computing.

Chong continued, 'Starting with our investment in Singapore in 2010, AWS has
continued to strengthen their commitment to the ASEAN region, sharing the uplift
digital skills across the nations, providing secure and resilient infrastructure
consistently across the region.'

Chong further added that since 2017 AWS has imparted cloud computing training to
over 400,000 people in Singapore, and plans to 'continue to invest in upskilling
and improve productivity' in the upcoming years.

Speaking about the AWS investment, Tan Kiat How, senior minister of state at
Singapore's Ministry of Communications and Information, said, 'Cloud service
providers like AWS play an important role in improving the digital economy
ecosystem. Besides being a foundational digital infrastructure for
organizations, cloud service providers enable enterprises to easily access
digital resources like compute and storage, as well as advanced capabilities
like AI and generative AI.'

Besides Singapore, AWS has planned to allocate resources worth approximately $35
billion in several countries including Japan, Saudi Arabia, and Mexico. The
company is also working on developing data centers in Malaysia and Thailand,
Bloomberg reports.



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