Amazon to invest €10 billion in digital services in Germany

One of the most valuable companies in the world, Amazon, has announced that it will invest more than €10 billion in Germany. The money will be invested to expand its cloud and logistics operations in the country through the Amazon Web Service (AWS). The company will be responsible for creating more than 4,000 jobs, a fact praised by German Chancellor Olaf Scholz. Investments are also planned for Spain and France.

In an official statement from Amazon, AWS Managing Director for Europe Stefan Hoechbauer commented on the topic:
“Germany is at the heart of innovation across Europe. AWS is more committed than ever to helping German customers lead and create new technologies and services using the broad range of AWS Cloud capabilities, including generative AI. To meet the growing demand for our services, we are investing heavily in Germany’s digital infrastructure. This also includes our commitment to supporting digital skills and talent development programs across Germany, and partnering with local communities on joint initiatives that have a lasting impact.”

The announcement comes as Berlin faces an economic crisis fueled by high energy costs and interest rates.

Amazon Web Service

Known as AWS, Amazon Web Service is an Amazon service that offers several computing products aimed at websites. In this way, the user has options focused on storage, databases, artificial intelligence and several other categories. It is also possible to use tools for free. Launched in 2006, the platform has infrastructure in three Brazilian states: Ceará, Rio de Janeiro and São Paulo.

_{A multinational company headquartered in Seattle, Amazon was founded by Jeff Bezos in 1994 (Photo:reproduction/Christian Wiediger/Unplash)}

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Company History

Amazon is an American multinational corporation that focuses primarily on e-commerce. It was ranked as the fourth most valuable brand in the world in 2024, behind only Apple, Microsoft, and Google. Founded in 1994 by Jeffrey Bezos and his ex-wife MacKenzie Scott, it has reached the leadership position in global e-commerce and a market valuation of US$1.62 trillion.

Featured Photo: Amazon announced this Thursday (19) the expansion of AWS in Germany (Photo: reproduction/Amazon)