INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Amazon Web Services unveils the AWS Middle East (UAE) region

The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s GDP. (AFP)
  • AWS estimated its projected spending on the construction and operation of new Region will support an average of nearly 6,000 full-time jobs.
  • The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).

Abu Dhabi, UAE – Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East, the AWS Middle East (UAE) Region.

AWS estimates that its projected spending on the construction and operation of the new Region will support an average of nearly 6,000 full-time jobs annually at external vendors, with a planned $5 billion investment in the local economy through 2036.

The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).

Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development, said the opening of the AWS Middle East (UAE) Region “strengthens Abu Dhabi’s commitment to positioning itself as a leading digital economy by leveraging cutting-edge technology to support business growth”.

“The enhanced cloud capabilities enabled by AWS are expected to generate significant advantages and efficiencies that can propel businesses to success and realize major economic benefits for the country,” he added.

Abdulla Abdul Aziz AlShamsi, Acting Director General of the Abu Dhabi Investment Office (ADIO), said, “Abu Dhabi aims to enable transformative technology that delivers opportunities for businesses and residents alike.”

“Smart infrastructure is powering the thriving private and public sectors by opening new economic possibilities, fostering inclusive growth, and creating opportunities for collaboration across our innovation ecosystem,” he said.