Amazon Web Services (AWS) announces that it will invest up to € 2 billion in Italy by 2029. A new study, published today, illustrates the impact of future investments in areas such as technological innovation, job creation, local supplier networks, and community support. “Our investment plans – declares in a note Carlo Giorgi, Managing Director of Amazon Web Services Italy – will contribute approximately 3.7 billion euros to the Italian GDP by 2029 thanks also to our AWS Region of Milan”.
The investment includes both capital and operational expenses for the creation and operation of the AWS Europe Region (Milan), including all cash expenses directly attributable to the project, such as the import of highly specialized and proprietary equipment and software , and national expenses for design and operations. The investment in the AWS Region will support, on average, an estimated 1,155 full-time equivalent (FTE) jobs per year by 2029. This investment supports jobs in the data center supply chain, such as telecommunications, construction non-residential, electricity generation, facility maintenance and data center operations.
And now a methodological note. To calculate the economic impact of investments in data centers for the “AWS Economic Impact Study: AWS Investment in Italy”, the input-output methodology was used. Input-output models measure the impact of the expansion or contraction of an economic activity on other economic activities and on the local economy as a whole.