Amazon.com plans to spend S$12 billion ($8.88 billion) over the next four years to develop its cloud computing infrastructure in Singapore, according to AWS.
Amazon.com (AMZN.O.) aims to spend S$12 billion ($8.88 billion) over the next four years to develop its cloud computing infrastructure in Singapore, Amazon Web Services (AWS) announced on Tuesday.
The investment adds to the S$11.5 billion that the business has already invested in the Asia Pacific Region through 2023, increasing the total anticipated spend to more than S$23 billion by 2028, according to AWS.
Southeast Asia’s top executives are vying for a larger share of the global IT pie, with Nvidia (NVDA.O) CEO Jensen Huang visiting Malaysia, Vietnam, and Singapore in December and Apple CEO Tim Cook visiting Singapore, Vietnam, and Indonesia the previous month.
Apple has announced plans to invest more than $250 million in its Singapore business.
AWS also announced a partnership with the Singapore government, public sector organizations, and businesses to accelerate the adoption of artificial intelligence (AI) and generative AI in Singapore, according to the release.
“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,” AWS Country Manager Priscilla Chong said.
The announcement during the AWS ASEAN Summit in Singapore is the next step in Amazon’s aim to expand AWS infrastructure throughout Southeast Asia. The corporation had earlier announced investments of $5 billion in Thailand and $6 billion in Malaysia.
Amazon’s announcement comes just days after Microsoft CEO Satya Nadella announced cloud services investments worth $2.2 billion in Malaysia and $1.7 billion in Indonesia during a visit to the area.
Southeast Asia’s young, tech-savvy population of 670 million has piqued the curiosity of technological behemoths.
In December, Reuters reported that Malaysian conglomerate YTL’s utilities unit (YTLP.KL) would cooperate with Nvidia to develop AI infrastructure in a $4.3 billion investment.
Meanwhile, Indonesia is eager to welcome Nvidia’s Huang back, with communications minister Budi Arie Setiadi stating last month that he has been invited.
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