Amazon (AMZN) Stock Watch: AWS Expands to New Zealand, Backed by $7.5B Spend

Amazon.com, Inc. (NASDAQ:AMZN) is a Must-Watch AI Stock on Wall Street. On September 1, Amazon announced the launch of the AWS Asia Pacific (New Zealand) Region to “help serve the growing demand for cloud services across the country and empower organizations of all sizes to accelerate their digital transformation.”

Customers will be able to benefit from AWS’s secure, scalable, and reliable cloud infrastructure, enabling them to locally store data while meeting data residency requirements and reducing latency for end users.

Amazon has announced cloud computing infrastructure with three availability zones along with plans to invest more than NZ$7.5 billion to support data centers in New Zealand. As per Amazon estimates, the investment will add an estimated NZ$10.8 billion to New Zealand’s gross domestic product as well as support more than 1,000 full-time equivalent jobs annually.

Some of the current AWS customers in New Zealand include AMP New Zealand, Kiwibank, Ministry of Transport, New Zealand Post, TVNZ, University of Auckland, One New Zealand, Wellington City Council and Xero.

“The new AWS Region in New Zealand will help serve the growing demand for cloud services across the country and empower organizations of all sizes to accelerate their digital transformation.” -Prasad Kalyanaraman, vice president of Infrastructure Services at AWS.

Amazon.com Inc. (AMZN) is an American technology company offering e-commerce, cloud computing, and other services, including digital streaming and artificial intelligence solutions.

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