-573.38
-169.60
+ 451.00
+ 1,908.00
+ 618.00
-573.38
-169.60
-169.60
+ 451.00
+ 451.00
+ 1,908.00
FILE PHOTO: Amazon.com Inc | Photo Credit: Lucy Nicholson
Amazon.com Inc. plans to invest A$20 billion ($13 billion) in Australia between this year and 2029 to develop its data-centre infrastructure.
The commitment would support the growth in demand in Australia for cloud computing and AI, for which it would speed up adoption and capability, Amazon said in a statement.
The investment, in the Sydney and Melbourne data centres, is the biggest ever in Australia by a global technology company, Prime Minister Anthony Albanese said.
Albanese met Amazon Web Services Chief Executive Officer Matt Garman on Saturday on a stopover in Seattle on his way to the G-7 summit in Canada.
Industry and Innovation Minister Tim Ayres, speaking on Sky News Australia, said the investment was “very significant” for the country’s digital infrastructure investment.
“It’s in Australia’s interests to lean into the opportunity,” Ayres said. “We must be makers of the technology as well as takers of the technology.”
Amazon is also investing in three new solar farms in Victoria and Queensland to support the expanded infrastructure, it said.
More stories like this are available on bloomberg.com
©2025 Bloomberg L.P.
Published on June 15, 2025
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.