Amazon to invest $7.2 bln in Israel

Amazon.com (AMZN.O) said on Tuesday it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country.

Amazon’s cloud services in the region will allow the country’s government to run applications and store data in data centers located in Israel.

“The establishment of the Region will enable us to migrate substantial governmental workloads to the cloud, and we are confident that it will help us accelerate digital transformation in the public sector,” said Yali Rothenberg, accountant general of Israel.