Amazon.com Inc. plans to invest A$20 billion ($13 billion) in Australia between 2025 and 2029 to develop its data center infrastructure, focusing on Sydney and Melbourne.
The investment aims to support the increasing demand in Australia for cloud computing and AI, accelerating adoption and enhancing capabilities, according to a statement by Amazon.
This investment marks the largest ever by a global technology company in Australia, as confirmed by Prime Minister Anthony Albanese.
Albanese met with Amazon Web Services CEO Matt Garman during his stopover in Seattle while en route to the G-7 summit in Canada.
Industry and Innovation Minister Tim Ayres praised the investment, highlighting its significance for Australia's digital infrastructure development.
Ayres emphasized the importance for Australia to be a creator, not just a consumer, of technology.
Amazon additionally announced investments in three new solar farms in Victoria and Queensland to support its expanding infrastructure.