Amazon Web Services (AWS) has announced that it plans to spend $8.88 billion over the next four years to develop its cloud computing infrastructure in Singapore.
The investment adds to the $8.50 billion (S$11.5 billion) that the firm has previously committed in the Asia Pacific Region through 2023, increasing the total projected spend to more than $17 billion (S$23 billion) by 2028, AWS said in a statement on Tuesday.
Southeast Asia’s top executives are vying for a larger share of the global technology pie, with Malaysia, Vietnam, and Singapore hosting Nvidia CEO Jensen Huang in December and Apple CEO Tim Cook visiting Singapore, Vietnam, and Indonesia last 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 assist in accelerating the adoption of artificial intelligence (AI) and generative AI in Singapore, according to the release.
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.
