Amazon has committed to investing $9 billion in cloud computing infrastructure in Singapore.
The investment will span the next four years and will double Amazon Web Services (AWS) current investment in the city-state, reports Bloomberg.
This will add to the $8.5 billion the company has already invested in the Asia Pacific Region up to 2023, and will bring its total planned spend to more than $17 billion by 2028.
According to AWS, this will help the company to meet customer demand in Singapore, as well as accelerating the adoption of artificial intelligence (AI).
“This investment will create a ripple effect across Singapore by increasing economic growth and cloud adoption,” said AWS country manager Priscilla Chong during its AWS ASEAN Summit in Singapore.
Chong added: "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."
The investment is expected to support around 12,300 full-time equivalent jobs in Singapore each year.
Outside of Singapore, AWS is on track to bring in more than $100 billion in sales over the course of a year for the first time.
Amazon's cloud platform has an existing region in Singapore that launched in 2010 as the company's first in APAC. The site has three availability zones, the last of which launched in 2018.
The details of AWS' Singapore investment plans haven't been shared.
Singapore has had a moratorium on new data center developments since 2019, although already authorized facilities were allowed to be built after this point. Singtel broke ground on a new data center in Singapore last year and Keppel recently topped out a new data center in the city-state.
However, this ban was relaxed slightly in July 2022 when the Singapore Economic Development Board and the Infocomm Media Development Authority announced a pilot scheme allowing companies to bid for permission to develop new facilities.
Equinix, GDS, Microsoft, and a consortium of AirTrunk and TikTok-owner ByteDance have been granted permission for a combined 80MW of new capacity.
In November 2023, it was revealed that AWS would develop a data center in Thailand with a budget of $5 billion over 15 years.
Its biggest rival in the public cloud market, Microsoft, has unveiled a spate of Asia Pacific investments of late. Last week alone saw a $2.2bn commitment for cloud computing infrastructure and AI in Malaysia, and plans to develop a data center region in Thailand. The week prior, Microsoft announced that it would spend $1.7bn on cloud computing and AI in Indonesia.
