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Amazon's AWS to invest $1.8 billion in Brazil through 2034

Published 09/11/2024, 04:02 PM
Updated 09/11/2024, 04:21 PM
© Reuters. FILE PHOTO: An Amazon Web Services (AWS) logo is pictured during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024.  REUTERS/Annegret Hilse/File Photo
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SAO PAULO (Reuters) -Amazon's cloud computing arm, Amazon (NASDAQ:AMZN) Web Services (AWS), will invest 10.1 billion reais ($1.8 billion) in Brazil through 2034 to expand its data center operations in the country, it said on Wednesday.

The resources will be used to "expand, build, connect, operate and maintain data centers in Brazil," the firm said in a statement.

© Reuters. FILE PHOTO: An Amazon Web Services (AWS) logo is pictured during a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024.  REUTERS/Annegret Hilse/File Photo

AWS's previous investment plan in the Latin America nation totaled 19.2 billion reais from 2011 to 2023, according to the statement.

($1 = 5.6472 reais)

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