Amazon Internet Services (AWS) intends to invest an additional $9 billion in Singapore

BARCELONA, SPAIN – JANUARY 31: An illuminated logo outside the Amazon Web Services (AWS) booth at the ISE 2023 and IOT Solutions World Conference at Fira Barcelona on January 31, 2023 in Barcelona, Spain. Integrated Systems Europe (ISE) is the world’s largest AV systems integration show, with 850 exhibitors and organized by Integrated Systems Events. IOTSWC 2023 is the leading event on digital transformation trends, based on revolutionary technologies. (Photo by Cesc Maimo/Getty Images)

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SINGAPORE – Amazon Web Services said on Tuesday it will invest an additional S$12 billion (about $8.87 billion) over the next five years to grow its cloud infrastructure and services in Singapore.

“The investment will go into building and building capital capabilities, all of which are linked to the Asia-Pacific region in Singapore,” Priscilla Chung, director of AWS in Singapore, told CNBC’s “Street Signs Asia” on Tuesday.

Launched the cloud computing arm of the American technology giant Singapore’s first Asia-Pacific region In 2010 – her first foray outside the US and Europe. Since then, AWS said it has pumped more than S$11 billion into Singapore’s cloud infrastructure and ecosystem.

“Starting with our investment in Singapore in 2010, AWS has continued to strengthen its commitment to the ASEAN region, sharing the [in] “Digital skills across countries provide a continuously secure and resilient infrastructure across the region,” Zhong said during Tuesday’s summit.

Chung added that the company has trained more than 400,000 people in Singapore in cloud skills since 2017 and will continue to “invest in upskilling and improving productivity” across the country.

The AI boom has increased demand for cloud computing and data center services, as training AI models requires massive amounts of data and the cloud provides access to vast data sets.

“Cloud service providers like AWS play an important role in improving the ecosystem of the digital economy. Besides being essential digital infrastructure for enterprises, cloud service providers enable organizations to easily access digital resources such as compute and storage, as well as advanced capabilities such as artificial intelligence and generative tools.” Tan Kiat Haw, Senior Minister of State at the Singapore Ministry of Communications and Information, said during the event:

Tan said AWS will also help more organizations in Singapore adopt cloud services and AI capabilities as the region continues to see “strong momentum in digitalisation”.

Tan also noted that while the outlook for the digital economy remains positive, there are not “enough tech professionals” in Singapore or even globally.

AWS was the world’s largest cloud infrastructure provider in the first quarter, according to data from Synergy Research Group. AWS captured a 31% share of the global cloud infrastructure market in the first quarter, down from 32% a year earlier. Microsoft Azure came in behind AWS in second place.

Just last week, Microsoft said it would make AI and cloud-related investments in several Southeast Asian countries. MalaysiaThailand and Indonesia – where their influence on the region doubles.

Amazon Web Services has also expanded its presence in Southeast Asia over the past few years.

It made plans in October 2022 to launch a region-by-region in Thailand An investment of $5 billion over 15 years In March of last year he said so Commitment of at least $6 billion By 2037 To a new area in Malaysia. Os An area has been opened in Jakarta In December 2021.