Amazon Web Services (AWS), the cloud computing division of Amazon.com, said on Thursday it plans to invest INR 1.06 trillion (AED 47 billion) in India by 2030, doubling down on its past investments to cater to an ever-growing demand.
The latest investment will be used to build its cloud infrastructure in India and it will support over 100,000 full- time jobs annually, AWS said.
The company runs two data centers in the Indian subcontinent - one in Mumbai which was launched in 2016, and another in Hyderabad, started in 2022.
AWS's total planned investment in India adds up to about AED 60 billion by 2030, the company said in a statement.
The cloud platform offers more than 200 services, including storage, robotics and artificial intelligence.
Amazon's cloud division has been investing in regions across the world to provide seamless connectivity. Earlier this year it said it plans to invest AED 22 billion in Malaysia by 2037.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved plans to create 178,000 jobs and aims to attract 39.3 million tourists.
Sam Bankman-Fried has been sentenced to 25 years in prison for stealing $8 billion from customers of the now-bankrupt FTX cryptocurrency exchange he founded, the last step in the former billionaire wunderkind's dramatic downfall.
Sam Bankman-Fried, the former billionaire cryptocurrency wunderkind, is set to be sentenced on Thursday over his conviction for stealing $8 billion from customers of the now-bankrupt FTX exchange he founded.
ADNOC has announced the start of crude oil production from its Belbazem offshore block, which is operated through a joint venture with China National Petroleum Corporation (CNPC), called Al Yasat Petroleum.