Deals
Amazon Leads Firms Investing $10 Billion In Saudi Data Centers
- Amazon’s cloud business to build new infrastructure region
- Deals advance Saudi efforts to attract foreign investment
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Saudi Arabia said firms including Amazon Web Services will invest over $10 billion in building data centers in the country as the desert kingdom tries to modernize and diversify its oil-dependent economy.
The deals were announced at the annual tech event LEAP in the capital city of Riyadh and will support the development of tech startups, the Saudi Press Agency reported. AWS, as Amazon’s cloud business is known, said its plans include spending $5.3 billion to create a new infrastructure region that’ll open in 2026 and help train local developers.