Italian Government Approves Strategic Investment of €1.2 Billion by Amazon Web Services (AWS) in Italy
Rome, November 29, 2024 – The Council of Ministers (CdM) has approved a resolution declaring Amazon Web Services (AWS)’s investment in Italy as of “strategic interest” for the country. The investment amounts to €1.2 billion and is expected to generate significant economic benefits and job creation.
Details of the Investment
AWS plans to invest in expanding its infrastructure in Italy, including the construction of new data centers and the development of cloud computing services tailored to the Italian market. The investment will also support the creation of a new AWS Region in Italy, providing customers with access to a wide range of cloud computing services.
Strategic Importance
The CdM’s decision to declare AWS’s investment as strategic is based on the recognition that cloud computing is a key driver of economic growth and innovation. AWS’s investment will:
- Stimulate the development of the Italian digital economy, providing businesses and individuals with access to advanced cloud computing technologies.
- Create new jobs in the technology sector, including roles in cloud administration, data analysis, and software development.
- Enhance Italy’s competitiveness on the global stage by attracting businesses that rely on cloud-based services.
- Strengthen Italy’s cybersecurity capabilities by providing businesses with access to AWS’s advanced security services.
Economic Impact
According to AWS, the investment is expected to create thousands of new jobs in Italy, both directly and indirectly. The company estimates that the investment will generate €4.6 billion in GDP impact over the next 10 years.
Timeline
AWS plans to begin construction on its new data centers in Italy in early 2025. The new AWS Region is expected to be operational by the end of 2026.
Government Support
The Italian government has expressed its support for AWS’s investment and has indicated that it will provide necessary assistance to ensure its success. The government views the investment as a strategic opportunity to accelerate Italy’s digital transformation and strengthen its position in the global economy.
Conclusion
The CdM’s approval of AWS’s investment is a significant step in Italy’s journey towards becoming a leader in the digital economy. The investment is expected to bring substantial economic benefits, create jobs, and enhance Italy’s competitiveness on the global stage. The government’s support for the investment demonstrates its commitment to fostering innovation and digital transformation in the country.
Cdm: interesse strategico per investimento da 1,2 miliardi di Amazon Web Services (AWS) in Italia
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