Amazon Will Invest €15.7 Billion in Spain in Global AWS Buildout

Amazon.com Inc. said it would invest €15.7 billion ($17 billion) in Spain to expand its cloud business in Europe, the biggest outlay Amazon has announced so far on the continent, adding to a string of investment commitments around the world in recent weeks from the company and its rivals in the cloud.

Amazon Web Services said in the statement on Wednesday that it will make the investment through 2033, and that the plan is an upgrade to a 2021 commitment to spend €2.5 billion in the country.

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Amazon has ...