Tech Amazon to invest $7.2bn in Israel by 2037 By Reuters August 2, 2023 Reuters/Salvador Rodriguez Amazon's cloud services in the region will allow the country's government to run applications and store data in data centres located in Israel Amazon.com said on Tuesday it is planning to invest about $7.2 billion by 2037 in Israel, where it has also launched its Amazon Web Services (AWS) data centres. Amazon’s cloud services in the region will allow the country’s government to run applications and store data in data centres located in Israel. “The establishment of the region will enable us to migrate substantial governmental workloads to the cloud, and we are confident that it will help us accelerate digital transformation in the public sector,” said Yali Rothenberg, accountant general of Israel. Israel’s technology sector troubles persist in 2023 Investment in Israel’s tech sector drops Israeli fintech Vesttoo retains Dubai staff amid mass layoffs AWS is Amazon’s cloud computing platform, used by companies such as Netflix, General Electric and Sony, enabling storage, networking and remote security. With the expansion, AWS will be available in 32 geographic regions, the company said, adding that its investment in Israel will contribute about $13.9 billion to Israel’s gross domestic product.
