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Data Center News > Blog > Investments > Microsoft Invests €6.7 Billion in Spanish Data Center
Investments

Microsoft Invests €6.7 Billion in Spanish Data Center

Last updated: June 19, 2024 6:56 am
Published June 19, 2024
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Microsoft plans to invest €6.7 billion ($7.16 billion) in developing data centres in Aragon, Northeastern Spain.
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Microsoft plans to speculate €6.7 billion ($7.16 billion) in growing knowledge facilities in Aragon, Northeastern Spain. The tech big has filed for a building allow to determine its amenities close to Zaragoza, in response to the native Spanish newspaper El Heraldo.

José Luis Escrivá, Spain’s Minister for Digital Transformation, praised the initiative. He emphasised the challenge’s function in delivering superior, sustainable, and safe AI options for Spain and Europe. Escrivá expressed satisfaction with Microsoft’s continued funding, noting that it positions Spain on the forefront of digital transformation.

Aragon has lately turn into a hub for knowledge heart investments, partly as a consequence of its renewable vitality capability, which is essential for powering such amenities. Final month, Amazon Net Companies (AWS) revealed plans to speculate €15.7 billion within the area. This announcement got here two years after AWS launched its Europe (Spain) hub throughout three areas in Aragon.

AWS’s funding is anticipated to assist 17,500 full-time equal jobs yearly and contribute roughly €21.6 billion to Spain’s GDP by 2033. Moreover, Microsoft has inaugurated its first cloud area within the Group of Madrid, offering AI and cloud providers to European corporations.

This growth underscores Microsoft’s dedication to investing $2.1 billion in Spain by the tip of subsequent yr. The aim is to supply enhanced reliability, safety, privateness, and knowledge residency.

Microsoft’s newest funding in Aragon displays a broader pattern of serious tech investments in Spain. By leveraging the area’s renewable vitality sources, these developments assist state-of-the-art digital infrastructure. They not solely enhance native economies but additionally reinforce Spain’s place as a frontrunner in digital innovation and transformation in Europe.

See also  Itaú Invests in Kanastra's Series A Extension

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TAGGED: billion, Center, data, invests, Microsoft, Spanish
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