Heaptalk, Jakarta — AWS plans to pour an additional S$12 billion investment, approximately US$8.85 billion (US$1 equals S$1.3), into its existing cloud infrastructure in Singapore from 2024 to 2028 (05/07). This move aims to meet the country’s growing demand for cloud technology and services.
Previously, the tech firm has invested S$11.5 billion, or around $8.5 billion, in the AWS Asia Pacific (Singapore) Region through 2023. With this recent plan, AWS’s total investment plan for the existing cloud infrastructure will be doubled to more than S$23 billion, approximately US$16.99 billion, by 2028.
Based on the latest AWS Economic Impact Study (EIS), this total investment plan will contribute S$23.7 billion, or around US$17.51 billion, to Singapore’s Gross Domestic Product (GDP) by 2028 and support an estimated average of 12,300 full-time equivalent (FTE) jobs in local Singapore businesses each year. These jobs include construction, facility maintenance, engineering, telecommunications, and other jobs within the country’s broader economy.
Increasing economic growth and cloud adoption
Country Manager for Singapore at AWS Priscilla Chong conveyed the company’s commitment to helping Singapore grow its economy, workforce, and digital prowess with cloud and advanced technologies since it established its first Asia Pacific infrastructure over a decade ago.
“This investment will create a ripple effect across Singapore by increasing economic growth and cloud adoption. It also brings additional contributions to the local economy by AWS, such as upskilling the local digital workforce, developing renewable energy projects, and creating a positive impact in the communities where AWS operates,” Priscilla said during the 10th AWS ASEAN Summit in Singapore (05/07).
In addition to the investment, the tech firm will launch a new flagship AI program called AWS AI Spring for Singapore to bolster Singapore’s Smart Nation and National AI Strategy 2.0 (NAIS) goals. This program is expected to enable the adoption of artificial intelligence across the local economy and aims to train 5,000 individuals on AI skills yearly from 2024-2026.
