Microsoft plans to invest €6.7 billion ($7.16 billion) in developing data centers in Aragon, Northeastern Spain. The tech giant has filed for a construction permit to establish its facilities near Zaragoza, according to the local Spanish newspaper El Heraldo.
José Luis Escrivá, Spain’s Minister for Digital Transformation, praised the initiative. He emphasized the project’s role in delivering advanced, sustainable, and secure AI solutions for Spain and Europe. Escrivá expressed satisfaction with Microsoft’s continued investment, noting that it positions Spain at the forefront of digital transformation.
Aragon has recently become a hub for data center investments, partly due to its renewable energy capacity, which is crucial for powering such facilities. Last month, Amazon Web Services (AWS) revealed plans to invest €15.7 billion in the region. This announcement came two years after AWS launched its Europe (Spain) hub across three locations in Aragon.
AWS’s investment is expected to support 17,500 full-time equivalent jobs annually and contribute approximately €21.6 billion to Spain’s GDP by 2033. Additionally, Microsoft has inaugurated its first cloud region in the Community of Madrid, providing AI and cloud services to European companies.
This development underscores Microsoft’s commitment to investing $2.1 billion in Spain by the end of next year. The goal is to offer enhanced reliability, security, privacy, and data residency.
Microsoft’s latest investment in Aragon reflects a broader trend of significant tech investments in Spain. By leveraging the region’s renewable energy resources, these developments support state-of-the-art digital infrastructure. They not only boost local economies but also reinforce Spain’s position as a leader in digital innovation and transformation in Europe.
Source link : https://voip.review/2024/06/19/microsoft-invests-6-7-billion-spanish-data-center/
Author :
Publish date : 2024-06-19 02:30:00
Copyright for syndicated content belongs to the linked Source.